Bypa-ss, an Egyptian healthtech startup, has raised $1 million in funding from Egyptian and international investors, including Magic Fund, Acuity Ventures, Launch Africa, Plug and Play, and other regional and international VCs.
Bypa-ss launched HealthTag in 2019, a platform for Health Information Exchange (HIE) that offers physicians with a free cloud-based clinic management solution. HealthTag securely stores medical records collected from various healthcare providers and gives them to their rightful owner, the user, by connecting with a cloud database. When paying out-of-pocket, the user can earn discounts of up to 70% from Egypt’s leading healthcare providers.
Bypa-ss launched in Shebin El Kom, Menofia, and has now expanded to serve members all over Egypt. Bypa-ss was able to gain momentum and collect further angel funds after being accelerated and backed by Falak Startups’ investment, allowing it to expand to five cities in one year. Offering patients ownership of their health records while giving doctors and healthcare providers access to the full history of their patients.
HealthTag provides an integrated system for clinic management for hospitals and clinicians to track patients’ cases kept by Bypa-ss after aggregating medical records from various healthcare providers.
HealthTag is both a mobile app and a physical card for users. Patients can keep track of their health records in one spot and pay for medical services online with the app and card.
Bypa-ss will use the investment to accelerate its growth in Egypt, the CEO says. “With this investment coming in, we will be able to avail more features to our customers while maintaining our service level and growth momentum. Additionally, the company intends to use the funds to fuel expansion, perfect a high-end tech mobile app for patients to engulf and facilitate the information exchange between the stakeholders from different levels and sizes and capitalize on the company’s rapid growth.”