Afrobility: Africa Tech and Business #58: Reliance Health - How the HealthTech platform is providing insurance & health services across Nigeria & Africa
Overview: Today, we’re going to talk about Reliance Health, the African HealthTech company - we’ll explore the Reliance Health story across the following areas:
- African health context
- Reliance Health's early history
- Product & monetization strategy
- Competitive positioning & potential exit
- Overall outlook
This episode was recorded on October 30, 2022
Companies discussed: Reliance Health, Y Combinator (YC), Hygeia HMO, CribMD, AXA Mansard, RedCare & BIMA Health
Business concepts discussed: Insurance monetization, Insurance partnerships, consumer distribution, telco partnerships, product development, consumer market penetration & pricing strategy
Conversation highlights:
- (01:00) - Intro and why we’re talking about Reliance Health
- (06:12) - Context of Africa and Nigeria’s healthcare
- (13:03) - Reliance Health Founding + Early History
- (39:25) - Fundraising & Geo expansion
- (52:16) - Product strategy and monetization
- (1:36:00) - Competition and options for exit
- (1:45:57) - Bankole’s overall thoughts and outlook
- (1:59:57) - Olumide’s overall thoughts and outlook
- (2:14:17) - Recommendation and small wins
Olumide’s recommendations & small wins:
- Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
- Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com
- Recommendation: Kinky Boots: Musical show in NYC. It was incredible!
- Recommendation: Paying for Status: Talks about loyalty strategy. Reward programs + finance + customer loyalty strategy article. I love it.
- Recommendation: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution (by Gregory Zuckerman)
- Small win: Finishing Included VC fellowship. It was incredible especially meeting everyone in Included VC live in Barcelona la
Bankole’s recommendations & small wins:
- Recommendation: Podcast: Sandy Kemper of C2FO on Fintech One-on-One & Podcast: Invest Like The Best with Karen Karniol-Tambour
- Small win: Getting ready for upcoming travel
- Other content: Podcast: Femi Kuti on Aid Evolved
Listeners: We’d love to hear from you. Email info@afrobility.com with feedback!
Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com
Investors: It would be great to link up with you. Contact us at info@afrobility.com