Digital health company situated in Nigeria, previously known as NucleusIS, has undergone a rebranding and is now known as RIGO.
In a significant move, Nigerian e-health startup, RIGO Incorporated, formerly known as NucleusIS Africa, has rebranded and expanded its vision to become a leading provider of healthcare infrastructure in Nigeria and beyond. The rebranding, which took place in partnership with Startupbootcamp AfriTech and mobile operator Telecel, marks a strategic consolidation of RIGO's mission to digitize Africa's healthcare economy.
RIGO Incorporated's new approach involves delivering an integrated ecosystem that combines a vertical SaaS platform with an embedded finance stack, specifically designed for the complex and fragmented Nigerian healthcare market. This unified platform aims to simplify, speed up, and make healthcare finance and operations more accessible for thousands of healthcare providers and stakeholders across Nigeria.
The vertical SaaS platform, RIGO Tech, offers software tools that enable health maintenance organizations (HMOs), hospitals, clinics, pharmacies, and suppliers to manage operations such as claims processing, inventory management, and digital record-keeping. On the other hand, RIGO Finance, a licensed microfinance bank (MFB), delivers collateral-free loans within 48 hours, smart wallets, and bill payment services targeted to healthcare small and medium-sized enterprises (SMEs). This arm provides seamless access to instant credit, financial management, and payments from a single dashboard.
By tightly integrating these two arms, RIGO offers a **vertical SaaS + embedded finance stack** that unifies financing and operations on one connected platform. This shift from being just a lender to acting as a comprehensive enabler for healthcare infrastructure supports finance, operations, and integrations for healthcare businesses.
Kayode Odeyinde, the founder and CEO of RIGO Incorporated, emphasizes the platform’s role in making healthcare finance and operations simpler, faster, and more accessible. RIGO's product suite aims to digitize Africa's healthcare economy from the ground up, providing infrastructure that empowers healthcare businesses to run and grow more efficiently.
As part of its expanded vision, RIGO Incorporated utilizes its technology to distribute health insurance through distribution APIs, retail partnerships, and telco partnerships. As of the article, RIGO Incorporated has on-boarded seven clients.
RIGO Incorporated serves thousands of hospitals, clinics, pharmacies, HMOs, and suppliers across Nigeria, having participated in the Africa Startup Initiative Programme (ASIP) in 2021. The company has built a robust enterprise technology base for health insurance companies and care providers, offering smart, practical tools for healthcare businesses through its platforms RIGO Finance and RIGO Tech.
In summary, RIGO Incorporated's rebranding and expanded vision involve delivering an integrated ecosystem that combines:
- A vertical SaaS platform for HMOs, providers to manage claims, inventory, operations - An embedded finance stack offering instant loans, smart wallets, bill payment for healthcare SMEs - A market focused on Nigeria’s healthcare market, scaling across Africa - An objective to digitize and unify healthcare finance and operations in one platform
This unified platform reflects RIGO’s ambition to be the digital backbone for Africa’s healthcare providers, insurers, and suppliers, creating a more resilient and accessible healthcare economy. RIGO Incorporated is no longer just a lender, but an enabler, acting as a comprehensive solution for the complex challenges faced by the Nigerian healthcare market.
[1] Africa Startup Initiative Programme: https://www.startupbootcamp.org/accelerator/africa/africa-startup-initiative [2] Startupbootcamp AfriTech: https://www.startupbootcamp.org/accelerator/africa/afritech [3] Telecel: https://www.telecel-group.com/ [4] RIGO Incorporated: https://www.rigoincorporated.com/ [5] Kayode Odeyinde: https://www.linkedin.com/in/kayodeodeyinde/
- The rebranded RIGO Incorporated aims to leverage science and technology to digitize Africa's healthcare economy, offering a vertical SaaS platform for managing healthcare operations and an embedded finance stack for providing instant loans and financial services to healthcare small and medium-sized enterprises (SMEs).
- As part of its expansion, RIGO Incorporated utilizes technology to distribute health insurance, not only in Nigeria but also across Africa, with a vision to unify healthcare finance and operations on one connected platform, thereby becoming the digital backbone for Africa's healthcare providers, insurers, and suppliers.
