#39: BIMA (Milvik) - How the HealthTech company is providing insurance & medical services across emerging markets
Overview: Today, we’re going to talk about BIMA - the HealthTech insurance company. We’ll explore BIMA's story across 6 areas: African Health care status & context BIMA Health founding and early history Fundraising & Growth Product & monetization strategy Competitive positioning & potential exit options Overall outlook. This episode was recorded on Oct 3, 2021 Companies discussed: BIMA (Milvik), Kinnevik, LeapFrog investments, Allianz X (Allianz Group), Millicom, Digicel, China CreditEase, Jamii, M-Tiba, BlueWave, MicroEnsure & Gates Foundation Business concepts discussed: HealthTech (Healthcare technology), InsurTech (Insurance Technology), Telco partnership, geographical expansion & Health policy Conversation highlights: (00:45) - Why we’re talking about BIMA Health (05:15) - African Health care context (05:58) - Insurance context in Africa (28:58) - Founder background - Gustaf Agartson (35:40) - Fundraising and early growth (45:10) - BIMA Health traction- markets, users, etc (49:50) - Product , go-to-market and monetization strategy (1:05:38) - Geographical expansion (1:07:36) - Competition and options for exits, M&A (1:29:52) - Olumide’s overall thoughts and outlook (1:37:05) - Bankole’s overall thoughts and outlook (1:51:04) - Recommendations and small wins Olumide’s recommendations & small wins: Recommendation: Vusi Thembekwayo (VT Podcast) episode Wealth & Wande Coal - Ololufe Small win: Noticed someone cited my MIT thesis on Smartphone Operating systems. Nice Other content: Life Expectancy stats (World Bank) Bankole’s recommendations & small wins: Recommendation: Love Nwantiti by CKay & Everything is a Remix - Drill Sergeant Remix & Business Breakdowns Podcast - Sky Mavis Small win: Spent last weekend in Atlanta and Memphis visiting friends and family Other content: Africa Renewal - UN Listeners: We’d love to hear from you. Email [email protected] with feedback! Founders: We'd love to hear about what you're working on, email us at [email protected] Investors: We'd also love to link up with you to drive the ecosystem forward. Contact us at [email protected] Join our insider mailing list where we get feedback on new episodes & find all episodes at Afrobility.com