Bypa-ss, an Egyptian healthtech startup, has closed a $1 million pre-seed funding to ramp up its growth effort.
The funding spherical saw participation from Magic Fund, Acuity Ventures, Launch Africa, Hasten and Play, and varied regional and world VCs.
Bypa-ss was based mostly by Dr. Andrew Saad in 2019 and entered the market with its proprietary product, Healthtag, a platform for Smartly being Files Change (HIE), offering physicians a free cloud-primarily based mostly hospital administration solution.
The premise to initiate Bypa-ss started when Saad discovered himself in an even venture where he needed to make a medical decision for an unconscious affected person, and not utilizing a visibility on her medical history, no contacts or family members around, and had sterling about a hours to are residing if no longer handled.
“We all obtain examined in just a few lab, retract medications from varied areas and obtain handled from varied hospitals. But when in an emergency venture, won’t we want all of our medical history in one site?” Saad told TechCabal.
So he went on to behavior a series of review on effectively being history data and how they’ll also be banked digitally. As he went extra in his review and medical notice, he realised that here’s a recurring venture tons of sufferers and health workers needed to handle. So he started Bypa-ss and built its pioneering merchandise, HealthTag.
Thru linking with a cloud database, HealthTag securely stores medical facts restful from varied healthcare suppliers and offers them to their rightful owner, the person.
The startup presents a card for the affected person that lets in reductions up to 70% on treatment obtained. Commercially, here’s reported to be more affordable than any bargain cards in Egypt – pegged at 50 EGP ($3.2) yearly per person.
For healthcare suppliers, the firm presents them with a cloud-primarily based mostly affected person administration solution, fully free of charge.
Growth and traction.
Bypa-ss has long gone from working in Menofia, a diminutive metropolis in the Nile Delta arrangement of Egypt to expanding to 5 cities in 365 days. Going through the incubation and early funding program by the Falak Startup’s funding helped the firm to like a flash obtain traction and elevate extra angel funds that enabled its command.
Saad acknowledged the firm for the time being has over 17,000 HealthTag cardholders, and over 3,500 healthcare suppliers – primarily in clinics, pharmacies, labs, and radiology centers – the exhaust of their product.
“We’re for the time being fresh in all Egyptian governorates with our main focus to be accessible to all over big cities; we’re also expanding our networks to encompass hospitals and extra institutions all over Egypt and in particular in extra rural areas.” Saad acknowledged about growth.
On income, Saad acknowledged the firm makes money from a aggregate of its annual subscription and a payment it receives from care suppliers on the discounted companies and products offered to its cardholders.
“With this funding coming in, we are able so that you just can produce extra points to our potentialities whereas declaring our provider level and command momentum,” Saad, CEO of Bypa-ss, acknowledged in a assertion on hand to TechCabal. “Furthermore, the firm intends to make exhaust of the funds to gasoline growth, very finest a high quit tech cell app for sufferers to engulf and facilitate the knowledge alternate between the stakeholders from varied ranges and sizes and capitalize on the firm’s rapidly command.”
For Hasten and Play, “we’re past inflamed to put money into Bypa-ss! We’re confident that Andrew and his crew will form the model forward for effectively being facts infrastructure in Egypt, and we’re chuffed to be segment of it.”
In line with the CEO, HealthTag is for the time being the particular product serving sufferers and effectively being suppliers with such potential in the nation.
“Our trusty competitor lawful now is pen and paper. We’ve around 100 non-public clinics in Egypt, with around 98% of them serene relying on paper facts,” acknowledged Saad pointing to the opportunity the firm has to onboard extra of these clinics.