Helium Health gets $30M, backed by AXA IM Alts and 23andMe’s Anne Wojcicki
Summary
The news is coming three years after the Lagos-headquartered health tech secured a $10 million Series A and 18 months following a rare Africa-GCC deal involving UAE-based healthcare provider-patient interaction platform Meddy. HeliumDoc, the product merging Meddy’s telemedicine capabilities and Helium Health’s revenue cycle management service, is being used in Nigeria with East African expansion in sight. However, it is the fintech offering HeliumCredit that will likely receive more capital concentration as the health tech startup plans to “expand its reach… and increase its lending portfolio to 1,000 healthcare facilities by 2024 in partnership with the U.S. International Development Finance Corporation (DFC),” per a statement. “In the process of covering the full breadth of health facilities with our HeliumOS product, one of the deep challenges we found out was around healthcare financing deficits on the continent,” said the chief executive who co-founded the startup with Dimeji Sofowora and Tito Ovia. “We’ve noticed healthcare facilities trying to digitize because they want more access to financing,” said the CEO, who also mentioned that Helium Health records high loan repayment rates.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
