Overview: Today, we’re going to talk about Reliance Health, the African HealthTech company - we’ll explore the Reliance Health story across the following areas:
African health context
Reliance Health's early history
Product & monetization strategy
Competitive positioning & potential exit
Overall outlook
This episode was recorded on October 30, 2022
Companies discussed: Reliance Health, Y Combinator (YC), Hygeia HMO, CribMD, AXA Mansard, RedCare & BIMA Health
Business concepts discussed: Insurance monetization, Insurance partnerships, consumer distribution, telco partnerships, product development, consumer market penetration & pricing strategy
Conversation highlights:
(01:00) - Intro and why we’re talking about Reliance Health
(06:12) - Context of Africa and Nigeria’s healthcare
(13:03) - Reliance Health Founding + Early History
(39:25) - Fundraising & Geo expansion
(52:16) - Product strategy and monetization
(1:36:00) - Competition and options for exit
(1:45:57) - Bankole’s overall thoughts and outlook
(1:59:57) - Olumide’s overall thoughts and outlook
(2:14:17) - Recommendation and small wins
Olumide’s recommendations & small wins:
Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at
[email protected]
Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at
[email protected]
Recommendation: Kinky Boots: Musical show in NYC. It was incredible.
Recommendation: Paying for Status: Talks about loyalty strategy
Recommendation: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution (by Gregory Zuckerman)
Small win: Finishing Included VC fellowship. It was incredible especially meeting everyone in Included VC live in Barcelona la
Bankole’s recommendations & small wins:
Recommendation: Podcast: Sandy Kemper of C2FO on Fintech One-on-One & Podcast: Invest Like The Best with Karen Karniol-Tambour
Small win: Getting ready for upcoming travel
Other content: Podcast: Femi Kuti on Aid Evolved
Listeners: We’d love to hear from you. Email
[email protected] with feedback!
Founders & Operators: We'd love to hear about what you're working on, email us at
[email protected]
Investors: It would be great to link up with you. Contact us at
[email protected]