NIGERIA – The Flying Doctors Healthcare Investment Company (FDHIC) has established a catalyst fund to assist healthtech and fintech startups in Africa.

Catalyst funds are used to help inclusive tech innovators in emerging markets, particularly micro and small businesses.

The company said in a statement on Tuesday that the initiative, dubbed the ‘FDHIC Catalyst Fund,’ will address Africa’s healthcare and finance challenges.

According to the International Finance Corporation (IFC), only a few African countries spend between US$34 and US$40 per person per year on healthcare, as recommended by the World Health Organization (WHO).

According to the report, this has resulted in extremely high infant and maternal mortality rates throughout Africa.

Accordingly, the company believes that addressing these issues requires a comprehensive approach that includes private-sector investments to drive financial inclusion.

“Through the new Flying Doctors Healthcare Investment Company (FDHIC) Catalyst Fund, we are building an investor collective that will tackle Africa’s healthcare and financial inclusion challenges by backing technology-enabled healthtech and fintech startups in the early or growth stage,” the statement reads.

Our Catalyst Fund offers corporate bodies and individuals, anywhere in the world, an opportunity to invest in, and get returns from, Africa-based HealthTech and FinTech Investments combined with the satisfaction of making sustainable impacts in underserved communities.”

We provide qualified investors – who are a part of our investors collective — with vetted investment opportunities in the Fintech and HealthTech space. The FDHIC Catalyst Fund will channel its investments through deal-specific syndicate investment vehicles domiciled in the USA.”

FDHIC assured prospective investors of its expertise by stating that its founder and management team have deep sector expertise in healthcare and finance gained through years of work and study.

“At FDHIC CF, we will bring to bear our investment analysis and portfolio management experience,” the statement adds.

In addition, the company stated that it has investments in companies such as Mdaas Global, Helium Health, Chisco Express, Lifestores Pharmacy, and Sygen.

FDHIC stated that it decided to democratize the membership of the catalyst fund in order to deviate from the norm.

We want to give time-strapped executives and mid-level professionals the opportunity to get high-value returns without facing the attendant rigors of managing a full-time business,” the statement said.

Individuals and corporate entities can join the FDIHC’s investors collective in preparation for deal sourcing, evaluation, and eventual investment, according to the company.

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