#39: BIMA (Milvik) - How the HealthTech company is providing insurance & medical services across emerging markets
Afrobility: Africa Tech and BusinessShow Notes
Overview: Today, we’re going to talk about BIMA - the HealthTech insurance company. We’ll explore BIMA's story across 6 areas:
African Health care status & context
BIMA Health founding and early history
Fundraising & Growth
Product & monetization strategy
Competitive positioning & potential exit options
Overall outlook.
This episode was recorded on Oct 3, 2021
Companies discussed: BIMA (Milvik), Kinnevik, LeapFrog investments, Allianz X (Allianz Group), Millicom, Digicel, China CreditEase, Jamii, M-Tiba, BlueWave, MicroEnsure & Gates Foundation
Business concepts discussed: HealthTech (Healthcare technology), InsurTech (Insurance Technology), Telco partnership, geographical expansion & Health policy
Conversation highlights:
(00:45) - Why we’re talking about BIMA Health
(05:15) - African Health care context
(05:58) - Insurance context in Africa
(28:58) - Founder background - Gustaf Agartson
(35:40) - Fundraising and early growth
(45:10) - BIMA Health traction- markets, users, etc
(49:50) - Product , go-to-market and monetization strategy
(1:05:38) - Geographical expansion
(1:07:36) - Competition and options for exits, M&A
(1:29:52) - Olumide’s overall thoughts and outlook
(1:37:05) - Bankole’s overall thoughts and outlook
(1:51:04) - Recommendations and small wins
Olumide’s recommendations & small wins:
Recommendation: Vusi Thembekwayo (VT Podcast) episode Wealth & Wande Coal - Ololufe
Small win: Noticed someone cited my MIT thesis on Smartphone Operating systems. Nice
Other content: Life Expectancy stats (World Bank)
Bankole’s recommendations & small wins:
Recommendation: Love Nwantiti by CKay & Everything is a Remix - Drill Sergeant Remix & Business Breakdowns Podcast - Sky Mavis
Small win: Spent last weekend in Atlanta and Memphis visiting friends and family
Other content: Africa Renewal - UN
Listeners: We’d love to hear from you. Email [email protected] with feedback!
Founders: We'd love to hear about what you're working on, email us at [email protected]
Investors: We'd also love to link up with you to drive the ecosystem forward. Contact us at [email protected]
Join our insider mailing list where we get feedback on new episodes & find all episodes at Afrobility.com
More from Afrobility: Africa Tech and Business
Overview: Today, we’re going to talk about Afrobility. We’ll explore the Afrobility story across the following areas: Why we started Afrobility
Overview: Today, we’re going to talk about Cellulant, the African payments infrastructure company. We’ll explore the story across the following areas
Overview: Today, we’re going to talk about MNT-Halan, the Egyptian lending & financial services company. We’ll explore the MNT-Halan story across the following areas
Overview: Today, we’re going to explore PiggyVest - the Nigerian savings and investment platform. We’ll discuss the story across the following areas:
Overview: Today, we’re going to explore IHS Towers - the African telecommunications infrastructure company. We’ll discuss the story across the following areas: