Finance

Egyptian health-tech startup Bypa-ss raises $1mln expansion fund

Monday, 08 November 2021 17:17
Egyptian health-tech startup Bypa-ss raises $1mln expansion fund

(Ecofin Agency) - The Egyptian health-tech startup Bypa-ss announced last week it has successfully raised $1 million in a pre-seed round to develop its activity. The funding was raised from investors including Magic Fund, Acuity Ventures, Launch Africa, Plug and Play, and other regional and foreign VCs.

Bypa-ss is known for digitizing healthcare information exchange between healthcare providers to deliver the best quality of care to their patients and avoid any medical errors related to lack of information. "We all get tested in more than one lab, buy medications from different places, and get treated from different hospitals. But when in an emergency, won’t we need all of our medical histories in one place?” said Dr. Andrew Saad (pictured), founder of Bypa-ss.

The users of Bypa-ss’ product are provided with a card that allows them to pay for their medical services online. The card also allows them to receive prescriptions, lab tests, and discounts of up to 70% from health care providers in Egypt. The startup is currently active in 5 cities in Egypt and seeks to better its offer and make it available to everyone, especially those living in rural areas.

As a reminder, although the sector is lagging in Africa, the e-health market in North Africa and the Middle East region was valued at $989 million in 2019 and will reach $1.8 billion by 2024. The sector has a compound annual growth rate of 12.8%, according to the 2020 Global Ventures Digital Health report.

Adoni Conrad Quenum (intern)



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.