Nigerian fintech startup Vittas is a digital lender that utilises machine learning and partnerships in order to provide loans. The partnership significantly reduces our risk,” Singh told Disrupt Africa. Vittas, however, only gives loans to healthcare facilities to purchase medication or medical equipment, ensuring a narrow focus. As we grew the loan book and proved the concept we were able to access larger and institutional debt,” Singh said. Small and medium healthcare facilities are suspicious of healthcare facilities due to predatory practices.

Source: The North Africa Journal April 24, 2023 06:05 UTC