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§ Private Profile · Lagos, Nigeria
We make healthcare in emerging markets affordable and accessible
Reliance Health uses technology to make quality healthcare delightful, affordable and accessible in emerging markets. Through an integrated approach that includes affordable health insurance, telemedicine and a combination of partner and proprietary healthcare facilities, Reliance Health offers innovative healthcare solutions that meet the needs of emerging markets including Nigeria, Egypt and growing
Reliance Health has raised $48.0M across 3 funding rounds.
Key people at Reliance Health.
Reliance Health was founded in 2016 by Femi Kuti (Founder/CEO) and Matthew Mayaki (Founder/Senior Vice President Product) and Opeyemi Olumekun (Founder/COO).
Reliance Health has raised $48.0M in total across 3 funding rounds.
Reliance Health has raised $48.0M across 3 funding rounds. Most recently, it raised $40.0M Series B in January 2022.
Key people at Reliance Health.
Reliance Health is a digital healthcare provider focused on making healthcare affordable and accessible in emerging markets, primarily in Africa and the Middle East. It offers an integrated healthcare platform combining affordable health insurance, telemedicine, prescription delivery, and access to a network of partner and proprietary healthcare facilities. The company serves individuals and businesses, providing comprehensive health coverage and clinical services through a single-fee model. Reliance Health addresses the critical challenge of healthcare accessibility and affordability in markets like Nigeria and Egypt, leveraging technology to deliver quality care efficiently. It has demonstrated strong growth, serving over 200,000 lives and expanding its footprint with a team of around 400 experts[1][2][5].
Founded in 2015 and officially launched in 2016, Reliance Health was co-founded by Dr. Femi Kuti, Opeyemi Olumekun, and Matthew Mayaki. The founders combined their expertise in medicine, technology, and engineering to tackle the problem of poor healthcare quality and limited access in emerging markets. Initially starting as a telemedicine startup called Kangpe, the company evolved into a comprehensive healthcare provider offering integrated services to better meet patient needs. Early traction included rapid adoption by businesses and individuals, leading to significant funding rounds, including a $40 million Series B led by General Atlantic in 2022, which fueled expansion into new markets like Egypt[1][2][3][5].
Reliance Health rides the global trend of digital health transformation, particularly in emerging markets where traditional healthcare infrastructure is often inadequate. The timing is critical as rising middle classes, increasing smartphone penetration, and demand for affordable healthcare converge. Market forces such as the need for cost-effective employee health benefits and the growth of telemedicine favor Reliance Health’s integrated approach. By leveraging technology and data science, the company is helping emerging markets leapfrog legacy healthcare systems, influencing the broader ecosystem by setting new standards for accessible, affordable care and inspiring innovation in healthtech across Africa and beyond[2][3][5].
Reliance Health is well-positioned to continue its expansion across emerging markets, leveraging its technology platform and growing network to deepen healthcare access. Future trends shaping its journey include increased digital adoption, growing employer demand for comprehensive health benefits, and potential regulatory support for health insurance penetration. The company’s influence is likely to evolve as it adds new products, expands geographically, and integrates more advanced data-driven healthcare solutions. Its mission to make healthcare delightful, affordable, and accessible remains highly relevant, promising significant impact on health outcomes in underserved regions[3][5][6].
Reliance Health was founded in 2016 by Femi Kuti (Founder/CEO) and Matthew Mayaki (Founder/Senior Vice President Product) and Opeyemi Olumekun (Founder/COO).
Reliance Health has raised $48.0M in total across 3 funding rounds.
Reliance Health's investors include Chris Caulkin, 99 Startups, ALLVP, Alpha4 ventures, Canaan Partners, City Light Capital, Coatue, FasterCapital, Global Founders Capital, IFC Venture Capital Group, Laerdal Million Lives Fund, Latitud.