Model & Strategy

Watsi is the first global crowdfunding platform for healthcare, enabling anyone to directly fund low-cost, high-impact medical care for people in need. 100% of every donation directly funds patient care, and the organization is dedicated to complete transparency and seeks to maximize their impact by collecting real-time data on healthcare providers, costs and outcomes. Watsi partners with medical facilities in developing countries to create profiles for patients in need of treatment, then posts these profiles on a crowdfunding platform where individuals donate to fund care. Ultimately, Watsi aims to provide access to healthcare for every person in the world.

At a Glance
Founded: 2012
Health
Location of work: International, Africa, Asia, South America
Watsi
2132 Folsom STreet
Suite 2
San Francisco, CA 94110
Fund healthcare for people in need
Meet Chase Adam

Chase directs the overall vision and mission of Watsi. Prior to Watsi, Chase worked at Pacific Community Ventures, where he built the group’s first double bottom line loan fund. Previously, he served as a Peace Corps Volunteer in Costa Rica, where he founded three successful microfinance institutions. He also worked with Fonkoze, the largest economic development bank in Haiti, where he established a national health program that resulted in the distribution of multivitamins to more than 13,000 children the year of its inception, and has since grown to 10x the size.

Chase has been recognized as a Forbes “30 Under 30 Social Entrepreneur” and a White House “Champion of Change.” Chase and Watsi were the first nonprofit to be selected to Silicon Valley tech incubator Y Combinator.

IMPACT

In its first four years, 22,000 donors have contributed over $7.5 million on Watsi’s platform to fund care for more than 10,000 patients in 23 countries.

Ultimately, Watsi hopes to build a platform that enables an entire health financing system to operate in a low-income country by collecting prepayments from patients, pooling funds, and reimbursing providers, and by collecting real-time, shareable data that allows the system to optimize for impact.