(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)