A competitor that has raised over $17 million and serves more than 5,000 pharmacies and hospitals in Nigeria.
Nigeria’s Medsaf quietly shuts down after raising over $7 million to digitise drug supply
Medsaf shut down operations in March 2024 after failing to recover outstanding debts. The startup raised over $7 million since its launch in 2016 but ran out of funds by January 2023.
PalmPay named Africa’s fastest-growing fintech
PalmPay has been named Africa’s fastest-growing fintech by The Financial Times. The company posted a revenue of $63.9 million in 2023 and has over 1,000 employees.
Ventures Platform returns capital on 4 out of 6 investment cohorts
Ventures Platform claims it has generated returns on four out of six investment cohorts. The VC firm raised a $46 million fund and disbursed $19.6 million across different startups on the continent.
2023 wrapped: lessons, fears and hopes from 23 tech leaders
Be a cactus and thrive in hard environments Know when to quit or shut down a business
Nigeria-based Remedial Health snaps $12M to provide financial services for neighbourhood pharmacies
Remedial Health has raised $12 million in funding to expand its services in Nigeria's pharmaceutical sector. The funding includes an $8 million Series A equity round led by QED Investors and a $4 million debt round led by a consortium of financial institutions.
