Bayzat , the insurance and healthcare technology start - up based in the UAE , has received a $ 3.5 m funding round led by BECO Capital . The company was founded two years ago and provides products for managing health care through computers and mobile devices . Dubai-based Precinct Partners also participated in the round. They said the new funding would be invested in new products to expand the company 's business . The profits of UAE - based insurers have been boosted this year by the introduction of Dubai 's compulsory insurance scheme .
Bayzat , the insurance and healthcare technology start - up based in the UAE , has received a $ 3.5 m funding round led by BECO Capital . The company was founded two years ago and provides products for managing health care through computers and mobile devices . They said the new funding would be invested in new products to expand the company 's business . The profits of UAE - based insurers have been boosted this year by the introduction of Dubai 's compulsory insurance scheme .