NucleusIS Africa Acquires Rigo Microfinance Bank to Revolutionize Healthcare Financing

NucleusIS Africa Limited, Africa’s fastest-growing technology company, has announced its acquisition of Rigo Microfinance Bank Limited. This landmark takeover is set to strengthen NucleusIS Africa’s capabilities in delivering advanced healthcare financing services across the continent.

At a recent press briefing, Mr. Femi Niyi, Board Chairman of NucleusIS Africa Limited, shared his enthusiasm for the expanded opportunities this acquisition presents. “This acquisition aligns perfectly with our vision of transforming healthcare financing in Africa. By merging our innovative solutions with Rigo Microfinance Bank’s financial services infrastructure, we can address critical healthcare challenges more effectively,” he stated.

The acquisition highlights NucleusIS Africa’s mission to close the healthcare funding gap using technology-driven solutions. By incorporating Rigo Microfinance Bank’s established financial infrastructure, NucleusIS aims to broaden its reach and enhance its ability to offer seamless, customized financial services to healthcare providers and patients.

Industry experts believe this move positions NucleusIS Africa as the leading force in healthcare finance innovation across Africa. The company will be better equipped to support medical service providers and expand access to essential healthcare services for a larger population.

With increased capacity, NucleusIS Africa plans to introduce new financial products designed to support healthcare providers, facilitate patient financing, and significantly improve access to quality healthcare services. This strategic step is poised to reshape Africa’s healthcare financing landscape.

The acquisition of Rigo Microfinance Bank Limited marks a new chapter in NucleusIS Africa’s mission to create sustainable healthcare solutions through financial empowerment.

Founded in 2019, NucleusIS Africa is a Nigerian tech company at the forefront of innovation to enhance healthcare access in Africa through technology-driven health insurance solutions. The company’s flagship platform automates health insurance operations, connecting insurers, healthcare providers, and individuals across Nigeria and Ghana.

In recent years, NucleusIS Africa has onboarded over 700,000 insured individuals and partnered with major health insurance providers. The company has introduced a groundbreaking credit scheme that allows users to purchase health insurance on a “buy now, pay later” basis, addressing affordability and accessibility challenges. Through collaborations with telecom companies and retailers, NucleusIS has expanded its reach, creating thousands of healthcare access points. It has also helped insurers launch tailored products, including specialized plans for seniors and chronic care management. 

The company continues to scale its operations with a goal of insuring millions more across Africa in the coming years.