How Pezesha is Revolutionizing Healthcare Supply Chain Financing

According to a recent report by Brookings, Africa's healthcare value chain is projected to reach a value of $259 billion by 2030, accounting for approximately 14% of global health and well-being business opportunities. However, the healthcare supply chain in Africa faces a significant financing gap of $66 billion per year, as highlighted by a report from the Virginia Economic Development Partnership. This financing gap for pharmacies, chemists, and other healthcare institutions has widened now more than ever before taking the pandemic into account, as they struggle to procure an adequate supply of medicines and equipment to meet the needs of their patients and retailers.

To address this challenge, Pezesha offers a unique solution in the form of flexible and affordable healthcare financing through our embedded finance service. By collaborating with key players in the healthcare supply chain, such as Ilara Health and Dawapay in Kenya, as well as Rocket Health in Uganda, Pezesha enables pharmacies, chemists, and clinics to access on-demand and affordable financing within the healthcare supply chain. The process is simple, fast, and seamless as depicted below:

API-based embedded finance process flow

Illara Heath Case study

A notable case study involves Pezesha's partnership with Ilara Health, where we provide financing for chemists and pharmacies purchasing medical supplies and equipment from Ilara Health. Through this collaboration, healthcare facilities can purchase medical supplies on credit and repay Pezesha within a 30 or 45-day loan period at an affordable interest rate. Over 30 pharmacies and chemists working with Ilara Health have already received funding through this initiative. The partnership has allowed Ilara Health to enhance its offerings and attract new customers.

Edith Adhiambo, Growth Manager at Ilara Health, expressed her satisfaction with working alongside Pezesha, highlighting how the partnership has facilitated affordable working capital for pharmacies, enabling them to regularly purchase medical supplies and meet operational demands effectively.

Optimizing health system supply chain performance through Pezesha’s affordable embedded finance solution adds value in many ways but not limited to:

1. Access to affordable working capital: The benefits of Pezesha's healthcare supply chain financing include access to affordable working capital for pharmacies and chemists, optimizing their business processes and cash flows by providing a convenient option for purchasing medical supplies on credit. 

2. Improved customer retention and acquisition for medical suppliers: Moreover, medical suppliers benefit from improved customer retention and acquisition by offering affordable and flexible credit options for their customers.

3. Seamless & instant credit for inventory liquidity: Through API integrations with Pezesha's platform, pharmacies and chemists can conveniently purchase medical supplies on credit through telemedicine apps like Rocket Health. This technological integration enables medicine suppliers to monitor and streamline their inventory management, improve order fulfillment processes, and forecast inventory replenishment to meet customer demand effectively.

Access to affordable financing in the healthcare supply chain is a significant challenge faced by SMEs in the sector. Pezesha aims to address this challenge by providing financing solutions to the entire value chain of pharmacies, chemists, and healthcare facilities. As we continue to scale and expand our financing services in this sector, we welcome collaboration with additional potential partners. If your business has a need for healthcare supply chain financing, Pezesha is your trusted partner as we streamline your value chain and unlock 360 growth... You can reach out to us at bd@pezesha.com to take this conversation forward.