Abuja: Helium Healththe largest in West Africa electronic medical records supplier, has raised $30 million in new funding to expand operations and extend credit in Africa’s health sectorsaid Monday.
investment managers AXA IM Alternatives co-directed the Series B Financing round, with the participation of Capria Ventures, Angaza Capital and US-based Flatworld Partners. The Lagos-based startup also received investment from an existing Chinese investor. Tencent.
Helium said it would start lending to the healthcare sector in Kenya this year, with the goal of growing its loan portfolio to 1,000 healthcare facilities by 2024 in partnership with the US Department for International Development. Financial Corporation.
Africa’s health sector it is severely undercapitalized and has one of the lowest health worker-to-patient ratios in the world. At 1.55 health workers per 1,000 people, it is below the recommended World Health Organization threshold of 4.45 workers.
“We believe in a future where good healthcare is a reality for all Africans, not just a few,” said Adegoke Olubusi, Helium Health CEO and co-founder.
