Nigeria’s Helium Well being expands to the Center East with acquisition of Qatar’s Meddy

Nigeria and USA-based healthtech startup Helium Well being has invested in UAE-based physician reserving platform Meddy. The funding is a singular overlap in tech between Africa and the Gulf Cooperation Council (GCC).

Helium Well being’s new acquisition is a part of an enlargement play. The healthtech was based in 2016 by Olubusi, Dimeji Sofowora, and Tito Ovia and affords digitized digital medical information (EMR) and hospital administration options. The corporate now affords extra providers on its platform similar to HeliumPay (a billing and fee answer), HeliumCredit (a no-collateral mortgage product), HeliumDoc ( a income cycle administration service), and information analytics providers.

In keeping with a TechCrunch article, as a part of the deal, Haris Aghadi Meddy’s CEO and Abed Alkarim Khattab COO will be a part of Helium’s management and assist in the corporate’s execution of technique and operation.

Up to now, Helium Well being has a presence in 6 African nations and has signed over 500 healthcare amenities. Over 7,000 medical professionals from these amenities present care to over 300,000 month-to-month sufferers.

Meddy is a Y Combinator startup backed by Tencent. The corporate serves over 150 personal purchasers inside Qatar and the UAE and is backed by $1.8 million in VC funding. Over 200,000 physician appointments have been facilitated in flip enabling healthcare suppliers to generate  $130 million price of billings. In 2019, Meddy secured $2.5 million for its UAE enlargement.

Supply: TechCrunch

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