Bypa-ss, an Egyptian e-health firm, has secured a pre-seed fundraising round of $1 million to strengthen its platform and expedite its development goals.
Bypa-ss, which was founded in 2019 by Andrew Saad, has created HealthTag, an end-to-end health information exchange (HIE) platform that allows healthcare providers and patients to securely access medical records stored in a cloud-based database.
The firm, which started in Menofia’s Shebin El Kom, is currently serving members all throughout Egypt. It has raised a US $1 million pre-seed round from Egyptian and worldwide investors including Magic Fund, Acuity Ventures, Launch Africa, Plug and Play, and other regional and international VCs to help it develop further.
“With this investment coming in, we will be able to avail more features to our customers while maintaining our service level and growth momentum. 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 capitalise on the company’s rapid growth,” Saad said.
