Nice Deer, an health insurance tech firm located in Egypt, has raised $1 million in a pre-seed fundraising round led by DisrupTech Ventures.
It was established in 2022 and is currently based in Egypt. By enabling insurance and insurance claim reimbursement, the firm hopes to bridge the gap between health care providers, health insurance companies, and beneficiaries.
It connects medical service providers and insurance organizations through a single platform and facilitates communication between doctors and patients.
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“Nice Deer aims to become the helping arm of the insurance industry in Egypt to grow smoothly and work to close the gap between providers and beneficiaries through a number of pioneering medical services and solutions in line with the unified insurance law,” Mustafa Medhat, CEO of Nice Deer, said.
The company also makes it easier to approve and pay pharmaceutical, radiography, and scan requests while adhering to the requirements of insurance paperwork and without exceeding the maximum disbursement limitations for each beneficiary.
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“We are very proud of Disruptech’s investment with the Nice Deer founding team. We believe Nice Deer will be in good shape to support the Egyptian governmental plans to increase the number of beneficiaries of the private health insurance in Egypt. Nice Deer will use its extensive network of health care providers and TPAs to reach new sectors, especially the small and medium-sized businesses (SMEs),” Malek Sultan, Founding Partner of Disruptech VC, said.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh