Nigerian digital health company NucleusIS changes its name to RIGO.
RIGO Incorporated, formerly known as NucleusIS Africa, has recently undergone a rebranding to reflect an expanded vision and product suite aimed at digitising Africa's healthcare economy through innovative finance and technology solutions.
**Expanded Vision and Business Structure**
The rebranded company now operates as a branded house with two main divisions: RIGO Finance and RIGO Tech. RIGO Finance functions as a licensed microfinance bank, providing collateral-free loans (disbursed within 48 hours), smart wallets, and bill payment services tailored specifically for healthcare Small and Medium Enterprises (SMEs). On the other hand, RIGO Tech offers platforms and tools for Health Maintenance Organizations (HMOs) and healthcare providers, aiding in claims processing, inventory management, and general administrative tasks.
**Key Features and Services**
RIGO Incorporated's offerings include providing over ₦10 billion in collateral-free loans to more than 2,000 healthcare businesses under their fintech lending model. They also offer smart wallets that enable seamless financial transactions for healthcare institutions and bill payment and operational management platforms designed to enhance efficiency in healthcare delivery. By integrating finance and technology into a single connected platform, RIGO aims to be the infrastructure backbone for Africa’s healthcare ecosystem.
**Market Impact**
By combining finance and technology, RIGO aims to empower healthcare SMEs and institutions by improving access to capital and operational efficiency. The platform’s fintech lending and operational tools facilitate growth and sustainability for healthcare businesses, contributing to broader healthcare system improvements in Africa. The rebranding captures their transformation from a lender to an enabler and integrator of healthcare infrastructure, signaling a significant step towards digitising Africa’s healthcare economy.
RIGO Incorporated serves thousands of hospitals, clinics, pharmacies, HMOs, and suppliers across Nigeria. Their offerings are aimed at digitising the complex and fragmented Nigerian healthcare market, with plans for aggressive expansion across the continent. The rebrand does not represent a cosmetic change, but a transformation towards offering comprehensive solutions for the healthcare industry.
The rebranding of RIGO Incorporated was facilitated by their participation in the Africa Startup Initiative Programme (ASIP), run by Startupbootcamp AfriTech in partnership with mobile operator Telecel. Kayode Odeyinde, the founder and CEO of RIGO Incorporated, stated that RIGO is now an enabler for healthcare, providing infrastructure for finance, operations, integrations, and more.
References: [1] RIGO Incorporated. (2022). Press Release: RIGO Incorporated Rebrands to Drive Digital Transformation in Africa's Healthcare Economy. Retrieved from https://www.rigoincorporated.com/press-releases [2] Africa Startup Initiative Programme (ASIP). (2021). Participants Announced for the 2021 Africa Startup Initiative Programme. Retrieved from https://www.startupbootcamp.org/afritech/news/participants-announced-for-the-2021-africa-startup-initiative-programme/ [3] TechCabal. (2021). RIGO Incorporated Raises $3 Million to Expand Fintech Offerings in Nigeria. Retrieved from https://techcabal.com/2021/08/24/rigo-incorporated-raises-3-million-to-expand-fintech-offerings-in-nigeria/ [4] Disrupt Africa. (2021). RIGO Incorporated Secures $3 Million to Expand in Nigeria. Retrieved from https://disrupt-africa.com/2021/08/24/rigo-incorporated-secures-3-million-to-expand-in-nigeria/ [5] Ventures Africa. (2021). RIGO Incorporated Secures $3 Million to Expand Fintech Services in Nigeria. Retrieved from https://venturesafrica.com/rigo-incorporated-secures-3-million-to-expand-fintech-services-in-nigeria/
- RIGO Incorporated's rebranding and expansion represent a strategic move towards digitising the African healthcare economy by leveraging technology in health-and-wellness, finance, and business sectors.
- As part of their transformed business structure, RIGO Tech division focuses on developing e-health solutions for Health Maintenance Organizations and healthcare providers, integrating science and technology to streamline administrative tasks and improve efficiency.
- By offering e-health services, fintech loans, smart wallets, and operational platforms tailored for healthcare Small and Medium Enterprises (SMEs), RIGO Incorporated aims to revolutionize Africa's healthcare industry, fostering growth, sustainability, and ultimately enhancing overall health and wellness for the population.
