Afrobility: Africa Tech and Business #39: BIMA (Milvik) - How the HealthTech company is providing insurance & medical services across emerging markets
Overview: Today, we’re going to talk about BIMA - the HealthTech insurance company. We’ll explore BIMA's story across 6 areas:
- African Health care status & context
- BIMA Health founding and early history
- Fundraising & Growth
- Product & monetization strategy
- Competitive positioning & potential exit options
- Overall outlook.
This episode was recorded on Oct 3, 2021
Companies discussed: BIMA (Milvik), Kinnevik, LeapFrog investments, Allianz X (Allianz Group), Millicom, Digicel, China CreditEase, Jamii, M-Tiba, BlueWave, MicroEnsure & Gates Foundation
Business concepts discussed: HealthTech (Healthcare technology), InsurTech (Insurance Technology), Telco partnership, geographical expansion & Health policy
Conversation highlights:
- (00:45) - Why we’re talking about BIMA Health
- (05:15) - African Health care context
- (05:58) - Insurance context in Africa
- (28:58) - Founder background - Gustaf Agartson
- (35:40) - Fundraising and early growth
- (45:10) - BIMA Health traction- markets, users, etc
- (49:50) - Product , go-to-market and monetization strategy
- (1:05:38) - Geographical expansion
- (1:07:36) - Competition and options for exits, M&A
- (1:29:52) - Olumide’s overall thoughts and outlook
- (1:37:05) - Bankole’s overall thoughts and outlook
- (1:51:04) - Recommendations and small wins
Olumide’s recommendations & small wins:
- Recommendation: Vusi Thembekwayo (VT Podcast) episode Wealth & Wande Coal - Ololufe
- Small win: Noticed someone cited my MIT thesis on Smartphone Operating systems. Nice
- Other content: Life Expectancy stats (World Bank)
Bankole’s recommendations & small wins:
- Recommendation: Love Nwantiti by CKay & Everything is a Remix - Drill Sergeant Remix & Business Breakdowns Podcast - Sky Mavis
- Small win: Spent last weekend in Atlanta and Memphis visiting friends and family
- Other content: Africa Renewal - UN
Listeners: We’d love to hear from you. Email info@afrobility.com with feedback!
Founders: We'd love to hear about what you're working on, email us at info@afrobility.com
Investors: We'd also love to link up with you to drive the ecosystem forward. Contact us at info@afrobility.com
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