At 10mg Health, our mission is simple yet powerful: to make healthcare financing accessible, data-driven, and sustainable for every clinic and pharmacy across Africa. We don’t give out loans ourselves — instead, we provide the technology that allows a community of trusted lenders to safely offer instant credit to healthcare providers through our AI-powered credit scoring API.
Across Africa, millions of clinics, pharmacies, and hospitals struggle to restock essential medicines or equipment because traditional banks rarely lend to them. Bank loans can take months to approve, require heavy collateral, and come with interest rates as high as 30–40%. This means that when a hospital needs emergency medications, it must either pay upfront or find alternative, often predatory lenders. The result is that patients go untreated, care is delayed, and a $60 billion healthcare financing gap continues to widen across the continent.
10mg Health solves this by decentralizing credit access. Instead of relying solely on banks, we connect a network of private and local lenders, microfinanciers, and impact investors directly to healthcare providers through our data-driven API(similar to Uber model of connecting drivers to passengers). Our AI-powered credit scoring system collects and analyzes real-time data from pharmacy transactions, repayment history, and supply chain activity to create a dynamic credit report for every healthcare provider. When a clinic wants to buy medicine or equipment, they can simply click “10mgCredit” at checkout. Instantly, our API checks their creditworthiness, finds the best lender match, and facilitates a seamless transaction—all within minutes instead of months.
This process dramatically reduces credit approval time, lowers risk for lenders, and ensures that essential medicines are always available for patients when they need them most. It also creates a fairer system by giving reliable, data-backed access to finance for healthcare providers that banks have long ignored.
We’ve already seen strong traction across the markets where we operate. Over 6,000 healthcare providers are onboarded across Nigeria and Senegal, with more than $3.59 million in total transactions facilitated through our platform to date. Our default rate is below 3%, proving the reliability of our AI risk models. Each month, we enable care for over 183,000 patients through partner clinics and pharmacies, achieving a steady 8–9% month-on-month growth.
Our business model is simple and scalable. 10mg Health earns a 6% commission on every transaction processed through our API, achieving software-led gross margins of over 70%. In 2024, we generated $69,600 in revenue, which grew to $156,000 by September 2025, with a projected full-year total of around $156,000–$180,000. As we continue expanding into new markets and partner with more e-pharmacy vendors, these figures are expected to multiply rapidly.
Our expansion strategy is lean and efficient. To enter a new country, we simply embed our API with existing e-pharmacy platforms. Each integration instantly connects thousands of healthcare providers while attracting local lenders who can safely extend credit. This “plug-and-scale” approach keeps our expansion cost low but our impact and revenue potential high. By 2028, we aim to reach 30,000 healthcare providers across Nigeria, Senegal, Ghana, Côte d’Ivoire, unlocking more than $20 million in annual transactions and driving meaningful, measurable impact.
Investing in 10mg Health means investing in a company positioned for both profit and purpose. We are addressing a massive, underserved $60 billion market, using a data-driven infrastructure that turns pharmacy and transaction data into trusted credit insights for lenders. Our scalable, low-cost business model ensures high margins and recurring revenue, while our proven track record and award-winning leadership team demonstrate strong execution and sustainable growth.
Recognized with prestigious honours including the Financial Times Responsible Business Award 2025, Aston University Social Impact Award 2024, KPMG, FINCA and features in Springwise, TechEstate, WeAreTech, Techparley and other global innovation platforms, 10mg Health is scaling to become Africa’s first continent-wide healthcare credit infrastructure. By 2027, we aim to reach 30,000 healthcare providers across multiple countries—unlocking life-saving treatments for millions while building a sustainable, scalable, and impact-driven financial ecosystem.
We’re not just building another fintech company; we’re building the credit backbone for Africa’s healthcare future. Our technology decentralizes access to finance, empowers new lenders, and ensures that healthcare providers can always deliver care when it matters most. An investment in 10mg Health is not only a smart financial decision—it’s a commitment to powering a healthier, more inclusive continent.
