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Helium Health

“Can an African healthcare EMR become the embedded financial operating system for the continent's fragmented private healthcare sector?”

Founded2016
HQLagos, Nigeria
FoundersAdegoke Olubusi
Total raised$82.7M
Latest roundSeries B, 2023
IndustryVertical SaaS / Healthcare
The story

Helium Health began as an EMR/HMIS SaaS company for African hospitals and clinics, then expanded into embedded finance in 2020 by launching HeliumCredit — collateral-free working-capital loans to healthcare facilities using EMR-generated transaction data. Following its 2023 $30M Series B led by AXA IM Alts, the company doubled down on fintech, layering HeliumWallet (payment processing for HMOs and private-pay patients) on top of HeliumCredit to become the embedded financial infrastructure for African healthcare providers. Additional pillars — HeliumDoc telemedicine (via the Meddy acquisition), HeliumCoPilot LLM assistant, and an anonymised health-data insights business — round out the platform.

Last 12 months
2025-12
2025-10
2025
Product timeline
2016
Founded (formerly OneMedical) to digitize EMR/HMIS for African healthcare providers.· pivot
2020
Launched HeliumCredit, a lending product for healthcare facilities in Nigeria.· lending
2020
Closed $10M Series A co-led by AAIC and Global Ventures with Y Combinator and Tencent participation.· banking
2021
Acquired Meddy (UAE) to expand telemedicine and enter GCC market.· acquisition
2023
Raised $30M Series B led by AXA IM Alts to scale HeliumCredit fintech product.· lending
2025
Introduced HeliumWallet payment processing platform alongside HeliumCredit as an integrated financial infrastructure suite.· banking
Acquisitions
Meddy2021
UAE-based healthcare provider-patient interaction platform; folded into HeliumDoc to add telemedicine and support GCC expansion.
The stack
3 layers disclosed in Helium Health’s embedded-finance stack
Payments / PSP
HeliumWallet (self-operated)
Lending
in the full report
Accounting
in the full report
Accounting gap: significant
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.