Bayzat

Bayzat is a technology company that provides insurance and HR solutions. The company helps individuals and companies compare, buy and use their health insurance.

Bayzat helps individuals and companies compare, buy and use their health insurance. For clients looking for medical coverage, it allows them to save time and money by identifying their requirements and providing a transparent comparison of all the relevant options in the market. 

Bayzat was founded in 2011 by Amir Farha & Talal Bayaa and is based in Dubai, Dubai, United Arab Emirates.

Bayzat provides HR and insurance solutions to SMEs and startups. Its cloud-based HR platform (Bayzat Benefits) helps companies automate their HR administration, payroll processing, and health insurance. It was one of the first companies to set up operations in Abu Dhabi-based Hub71 a few weeks ago.

Bayzat Benefits automates administrative work for HR professionals and ensures that all HR processes are centralized, accessible and secure.

 

Bayzat is backed by Mubadala, Point72 Ventures, Silicon Badia, BECO Capital, Vision Ventures and others. The company raised $16M from a "Series B" financing on Oct 21, 2019. This latest round brings Bayzat's total funding to $31M to date.

 

 

  • Year founded: 2011
  • Funding Info: $31M over 6 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: $5M-$10M (2019)
  • Employee Size: 51-200
  • Business Valuation: Unknown
  • City/Town: Dubai
  • State: Dubai
  • Country: United Arab Emirates
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