Two Nigerian Firms Receive N38.7m UK COVID-19 Grant » Gisthour
The United Kingdom group, Catalyst Fund, has introduced that two Nigerian corporations, WellaHealth and Flex Finance, are to obtain about N38.7 million (£80,000) grant capital.
The firms will even profit from a six-month programme from consultants of the analysis, advisory and information analytics agency, BFA Global.
The grant is anticipated to help them within the provision of inexpensive healthcare protection to guard households from the monetary shock that comes from sudden well being emergencies, together with hospital money throughout COVID-19.
An announcement on Wednesday from the British High Commission mentioned the 2 Nigerian firms have been awarded the grant alongside 4 different fin-tech startups from Mexico (Mango Life and Graviti), South Africa (PayMeNow) and India (KarmaLife).
All six at the moment are a part of a cohort of 31 firms from all over the world receiving Catalyst Fund help.
The assertion mentioned Catalyst Fund has accelerated 31 firms which have gone on to lift greater than $64M in follow-on funding and reached over two million low-income prospects.
The Catalyst Fund can also be supported by JPMorgan Chase & Co. and fiscally sponsored by Rockefeller Philanthropy Advisors.
Catalyst Fund Director, Maelis Carraro mentioned, “We consider we face a catalytic second throughout which there’s a possibility to make use of know-how to assist low-income shoppers and small companies get well from the impression of COVID-19 and construct better monetary resilience for the long run.
“If we support the right companies now, these innovations can grow to play a critical role in improving financial health globally.”
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