Afrobility: Africa Tech and Business

#58: Reliance Health - How the HealthTech platform is providing insurance & health services across Nigeria & Africa

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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:

  1. African health context
  2. Reliance Health's early history
  3. Product & monetization strategy
  4. Competitive positioning & potential exit
  5. Overall outlook

    6. 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 [email protected]
      • Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at [email protected]
      • 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 [email protected] with feedback!

          Founders & Operators: We'd love to hear about what you're working on, email us at [email protected]

          Investors: It would be great to link up with you. Contact us at [email protected]

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          Afrobility: Africa Tech and BusinessBy Olumide Ogunsanwo and Bankole Makanju
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