Fintech Startup MamaPrime set for global partnership with Sanofi

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Kenya-based E-health startup MamaPrime is on course for a commercial partnership with drug manufacturer, Sanofi. The move seeks to help the Nairobi-based outfit to scale up its health activities.

In the announcement, Sanofi indicates a business mentorship being available to the MamaPrime’s team at no cost. This follows fintech’s recent win as a participant in this year’s Sanofi AfricaTech contest. As a participant in the contests, MamaPrime emerged as one of the five African startups making it to the final out of 234 applicants.

“The objective of this initiative is to continue Sanofi’s commitment in encouraging innovation in Africa to create a health ecosystem that is at the service of the patient. An ecosystem that includes all stakeholders in the sector, public authorities, private companies and start-ups,” reads Sanofi’s statement.

The deal will also see Sanofi inject an undisclosed seed capital alongside the free business mentorship training. To the judges, MamaPrime made the shortlist to the final lineups after it stood out with its enhancement of settling bills for prenatal and postnatal care. Its “nest” offers the convenience of enabling expectant mothers to raise and settle delivery fees. This is with the help of friends, relatives or even themselves for charges.


About Author

Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: Contact: +254 780216631

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