Afrigather The Lagos-based well being tech firm secures $30 million to energy credit score financing to healthcare suppliers through its fintech product, HeliumCredit.
Helium Well being, a Nigerian healthtech firm, has secured $30 million in funding from a Sequence B funding spherical. In accordance with Helium Well being, the funding will probably be used to increase the attain of its fintech product, HeliumCredit. With its newest funding spherical, Helium Well being has raised a complete of $42.12 million. In 2020, the startup raised a notable $10 million throughout its Sequence A funding spherical.
This spherical of funding was led by AXA IM Alts, with participation from Capria Ventures, Angaza Capital, Anne Wojcicki (Founding father of 23&Me) and Flatworld Companions. Current traders together with International Ventures, Tencent, Ohara Prescribed drugs, LCY Group, WTI and AAIC additionally participated within the spherical.
Based in 2014 by Adegoke Olubusi, Tito Ovia and Dimeji Sofowora, Helium Well being is concentrated on exploring the position of expertise in effectively managing healthcare information in Africa. With this newest funding, the corporate will increase its attain by providing healthcare suppliers entry to credit score through its fintech product, HeliumCredit.
HeliumCredit was launched in 2020 to supply hospitals, clinics, pharmacies and diagnostics facilities with loans to buy medical gear and medicine, in addition to to facilitate enterprise expansions. In accordance with Helium Well being, over $3.5 million in loans has been disbursed to about 200 healthcare amenities by HeliumCredit.
Helium Well being has nice plans for enlargement. The corporate is ready to launch HeliumCredit in Kenya this yr and also will enhance its lending portfolio to 1,000 healthcare amenities by 2024, in partnership with the U.S. Worldwide Growth Finance Company (DFC).
“We consider in a future the place good healthcare is a actuality for all Africans, not simply the few. We’re deeply dedicated to supporting each non-public healthcare suppliers and public well being stakeholders with finance, expertise, and knowledge to attain that imaginative and prescient,” stated Adegoke Olubusi, Helium Well being CEO/co-founder whereas talking on the funding. “We’re delighted to have such seasoned healthcare traders accompany us on our journey.”
Noor Sweid, Managing Accomplice, International Ventures, one of many collaborating traders on this spherical expresses confidence in Helium Well being and its suite of merchandise. “We’ve seen first-hand the evolution of Helium Well being over time. The management crew has a deep understanding of Africa’s healthcare sector and is aware of how one can construct merchandise that meet its nuanced wants,” he stated.
Helium Well being says it can additionally proceed to scale its SaaS suite for healthcare suppliers by HeliumOS, its Digital Medical Information and Hospital Administration Data System (EMR/HMIS) answer
