EGYPT – Bypa-ss, an Egypt-based HealthTech and Health Information Management company, has raised US$1 million in its newest fundraising round from Egyptian and foreign investors.
The round also saw participation from Magic Fund, Acuity Ventures, Launch Africa, Plug and Play, and other regional and international VCs and Angel investors.
Bypa-ss is currently looking to expand its client base and healthcare network, a process that is now possible thanks to recently obtained money, which coincides with the company’s recent rebranding.
“With this investment coming in, we will be able to avail more features to our customers while maintaining our service level and growth momentum,” Andrew Saad, CEO of Bypa-ss said.
“Additionally, the company intends to use the funds to fuel expansion, perfect a high-end tech mobile app for patients to engulf and facilitate the information exchange between the stakeholders from different levels and sizes and capitalize on the company’s rapid growth.”
Bypa-ss launched HealthTag in 2019, a platform for Health Information Exchange (HIE) that provides physicians with a free cloud-based clinic administration solution.
HealthTag securely preserves medical records acquired from various healthcare providers and gives them to their rightful owner, the user, by connecting with a cloud database. Users can also get up to 70% off when paying out-of-pocket from Egypt’s best healthcare providers.
“We are beyond excited to invest in Bypa-ss. We are confident that Andrew and his team will build the future of health information infrastructure in Egypt, and we are glad to be part of it,” US-based international VC Plug and Play said in a statement.
Bypa-ss began in Shebin El Kom, Menofia, and has now expanded to serve members all over Egypt. Bypa-ss was able to gather momentum and raise further angel funding after being expedited and financially supported by Falak Startups. It was able to expand across five cities in one year.
Offering patients control over their health records while giving doctors and healthcare providers access to the full history of their patients.
Having been accelerated and backed by Falak Startups’ investment, Bypa-ss was able to gain momentum and collect further angel funds that enabled it to spread in 5 cities in one year. Offering patients ownership of their health records, while giving doctors and healthcare providers visibility on patients’ full history.
The startup is intent on increasing its customer base and healthcare providers network. Additionally, it is enhancing its technologies to provide a better user experience for all stakeholders.
Bypa-ss plans to launch a mobile application for users soon and to revamp its portals for healthcare providers over the coming year. Its goal is to make HealthTag accessible to all so that a wholesome healthcare information exchange environment can be created.
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