Nigeria-based Remedial Health snaps $12M to provide financial services for neighbourhood pharmacies
- Remedial Health has raised $12 million in funding to expand its services in Nigeria's pharmaceutical sector.
- The funding includes an $8 million Series A equity round led by QED Investors and a $4 million debt round led by a consortium of financial institutions.
- Remedial Health aims to improve efficiency and profitability in the pharmaceutical sector by providing technology solutions and financial services.
The funding received by Remedial Health will enable them to further develop their digital procurement infrastructure and expand their services in Nigeria's pharmaceutical sector. This investment is crucial in addressing the challenges faced by store owners in accessing inventory and managing operations. Remedial Health's mission to create a tech-enabled, pharmacy-centered healthcare network aligns with the growing demand for efficient healthcare distribution in Africa.
