Ngatia Muhoya
CEO
MN
Med Now
MedNow provides an AI-powered embedded finance platform specifically designed for medical facilities. The platform instantly analyzes transaction data from POS and M-Pesa systems to offer automated, continuous credit access. Repayments are seamlessly deducted directly from facility sales revenue, simplifying working capital management.
- Digital Health
- Enterprise Software
- Financial Technology
- Software Only
Updated 5 months ago
Funding
Funding rounds are not available yet.
Founders
David Mbehi
COO
Product
Problem
Many healthcare providers in Africa face challenges in managing their working capital, leading to insufficient funds for procuring essential drugs and hindering business growth. Traditional methods of tracking income and expenses are often manual and lack real-time visibility, making it difficult to build a strong credit profile and access financing. This lack of financial control can negatively impact the availability of necessary medications for patients.
Solution
Med Now offers a working capital management platform designed to provide African healthcare providers with real-time cash flow visibility and automated accounts payable solutions. By integrating income and expense data, the platform enables users to build their credit profiles and access financing options, addressing the critical need for sufficient funds to procure drugs and expand operations. The platform automates payments to creditors and suppliers, ensuring timely payments and eliminating manual invoicing processes. Med Now also provides access to a digital wallet integrated with a licensed bank, ensuring secure fund management and facilitating mobile money payments through a Buy Goods Till feature.
Target Audience
The primary target audience includes healthcare providers in Africa, such as pharmacies and clinics, who require efficient working capital management and access to financing for procuring drugs and expanding their businesses.
Features
- Real-time cash flow visibility, control, and insights through a centralized dashboard.
- Automated accounts payable system for streamlined payments to creditors and suppliers.
- Digital wallet integrated with a licensed bank for secure fund storage.
- Access to a Buy Goods Till for receiving mobile money payments.
- Integration with accounting, ERP, and MIS tools for seamless data synchronization.
- Revolving line of credit to finance inventory and business growth.
- Automated credit profile building through income and expense data analysis.