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Tanzania’s Medikea raises $1.2 million to expand integrated healthcare network

Medikea raises $1.2 million to expand its healthcare network

Medikea, a Tanzanian healthtech startup, has raised $1.2 million in pre-seed funding to expand a healthcare network that combines virtual consultations with physical clinics, diagnostic labs, pharmacies, and specialist care.

Baobab Network, Catalyst Fund, develoPPP Ventures, Madica, Impacc, Hustle Fund, O’Shaughnessy Ventures, Madiro, Boehringer Ingelheim Foundation, and an unnamed angel investor backed the funding round.

The raise comes as healthtech startups across Africa continue to face a difficult funding environment. Healthtech companies raised just $18 million, or 1.3% of the $1.44 billion African startups secured in the first half of 2026.

Medikea says it has already used part of the $1.2 million to expand its clinic network, opening two new facilities in Arusha and Morogoro and bringing its total to four clinics across Tanzania.

The company said the remaining capital will fund its next phase of expansion, including new clinics, key hires, technology and product development, operations, sales, marketing, and growth.

“Building this way is harder, and we chose it deliberately,” Dr Elvis Silayo, Medikea’s co-founder and chief executive officer, said in a statement. “If you layer technology on top of a broken system, you are digitising inefficiency. You inherit someone else’s costs and someone else’s quality problems, and you can’t scale past them. We rebuilt the parts we depend on, so that we can deliver a better experience at a lower price and still hold a fair margin.”

Founded in 2022 by Silayo and a team of doctors and software engineers, Medikea started with the idea that technology could make healthcare easier to access, but realised the problem went beyond digital access, as patients had to move between facilities depending on the situation. Private healthcare offered an alternative, but was too expensive for many people paying out of pocket. That led Medikea to build what it describes as a technology-enabled healthcare delivery system.

In Medikea’s current iteration, a patient can use the app to consult a doctor virtually, visit one of Medikea’s clinics when an examination is needed, get tests at its diagnostic lab, fill a prescription at its pharmacy, and return to virtual care for follow-up. Its electronic medical records connect these interactions and allow the patient’s history to follow them. The company said it operates specialist outpatient services covering paediatrics, women’s health, dermatology, fertility, and chronic disease care. 

“Healthcare is one large market made up of services that all depend on each other. If you build only one part, you depend on partners for the rest, and you lose control over what matters most to patients: trust, reliability, speed and price,” Silayo told TechCabal in an email response. “There is a lot of talk about healthcare being broken. Digitising a broken system just brings all its problems to the cloud. What needs fixing first is how care is delivered. Then technology makes it efficient and scalable.”

Madikea’s business model is more capital-intensive than typical digital health platforms; it involves operating the clinics, laboratories, and pharmacies and its digital service. The company believes owning these parts of the healthcare journey can also make the business more profitable as it scales. 

“The two channels have different costs, and combining them lets us use each where it makes the most sense,” Silayo said. “The clinic is where trust is built and where examinations, tests, and procedures happen. Virtual care makes follow-up easier and less costly to deliver, and lets each clinic serve patients well beyond its walls. Together, they let us keep care continuous and manage costs across the whole patient journey.”

The vertically integrated healthcare model puts Medikea in competition with Tanzanian digital-health players, including TanzMED, AfyaCall, and LyfPlus, as well as traditional clinics. Across Africa, Uganda’s Rocket Health and Kenya-based Zuri Health, which uses partnerships and mobile infrastructure to extend its reach, also use the same approach to healthcare. Medikea says owning the infrastructure gives it greater control over quality, pricing, clinical workflows, and the patient experience.

Medikea earns revenue through fee-for-service payments for consultations, specialist services, diagnostics, and pharmacy products. It also offers subscription programmes for patients who require ongoing care, beginning with chronic disease management. Medikea said it has served more than 50,000 patients since it started and currently has a clinical team of more than 40 people. It aims to serve more than 100,000 patients over the next 12 months and grow from four clinics to 10 across Tanzania by the end of 2027, before expanding into other markets in the region.

“Our biggest lesson is that good doctors and a convenient app are not enough on their own. The whole journey has to work together,” Silayo said. “We are not simply opening more clinics. We are replicating a model in which technology, clinical teams and facilities work together around the patient.”

Medikea plans to expand by opening and operating its own clinics, although it is also open to acquiring existing facilities. For now, the company is focused on proving that its model can scale sustainably in Tanzania before entering other markets in the region.

“Our goal is not to enter as many countries as quickly as possible,” Silayo said. “It is to build a model that works in Tanzania, then replicate it selectively where it can make a real difference and build a sustainable business.”

True scale demands moving beyond surface-level integrations to robust execution. We’ve filtered the noise out of Moonshot 2026, optimising the conference strictly for high-calibre connections between startup founders, global financial operators, enterprise leaders and individuals rewiring Africa’s technical frameworks. Get 20% off Early Bird tickets for a limited time.

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CrissCross, the South Africa-headquartered cross-border payments infrastructure company, has secured an undisclosed investment from Circle Ventures, the corporate venture arm of Circle Internet Group, the company that issues USD Coin (USDC), a digital stablecoin.

The investment, made through Stitch Group, CrissCross’s parent company, will help the company expand its local payment connections and liquidity, build more stablecoin settlement capabilities for enterprise customers, and grow the team supporting clients across the continent.

Stablecoins are increasingly being used to move money across borders, making them a growing part of Africa’s payments infrastructure. Circle’s investment marks its second notable bet on the sector in 2026. In July, it invested in Nigerian fintech Flutterwave as the company expanded USDC settlement across its payments platform, allowing businesses to collect payments locally and settle in USDC. s.

“Africa’s cross-border payments market is massive, complex, and underserved,” James Cope, general manager at CrissCross, said in a statement. “Circle Ventures’ investment validates what we’ve been building: infrastructure that can handle that complexity at scale.”

Lex Campbell and Byron Coetsee founded CrissCross to make cross-border payments more efficient for enterprise businesses operating in African markets. The company was acquired early by Stitch and now sits within Stitch Group, the South Africa-based payments group. CrissCross provides businesses with a single application programming interface (API) to collect money, make payouts, manage funds and exchange currencies across African markets. 

For collections, CrissCross lets customers pay merchants using familiar local methods such as bank transfers, mobile money and cards. For payouts, businesses can send individual or bulk payments directly to local bank accounts and mobile wallets. Its treasury tools let companies manage funds across multiple currencies, while its foreign exchange infrastructure lets them convert between local currencies, US dollars, and euros.

CrissCross connects blockchain-based settlement to local fiat payment networks. A business can move value between markets using stablecoins, while the recipient can receive local currency in a bank account. The company says it chooses between stablecoin and fiat rails based on a client’s requirements. It makes money from the payments and currency conversions it processes for clients, and says its pricing varies depending on the markets, payment methods, and services each customer uses.

“Stablecoins help funds move between markets quickly and transparently, and the money is delivered in local currency to the recipient’s bank account or mobile wallet,” the company said in a statement shared with TechCabal. “We use stablecoin or fiat rails depending on what each client needs for speed, cost and compliance.”

CrissCross is trying to close the gap between global stablecoin liquidity and local payment infrastructure. In October, CrissCross partnered with Velocity, a stablecoin payments and treasury platform, to connect institutional on-chain liquidity with local collections, payouts and FX. The partnership aimed to connect global stablecoin liquidity to local bank accounts and payment rails.

Sub-Saharan Africa received more than $205 billion in on-chain crypto value between July 2024 and June 2025, up 52% from the previous year. As crypto activity grows, so does demand for infrastructure that connects digital assets to local payment systems and enables cross-border payments.

“We’re excited to support CrissCross as they bring stablecoin-powered payments infrastructure to scale across African markets — some of the most complex and underserved corridors in the world,” said Brian Schultz, vice president of corporate development and ventures at Circle.

CrissCross says it currently operates across more than 30 markets spanning West, Central, East, Southern and North Africa, including both CFA franc zones, and supports more than 20 currencies. Its customers include multinational enterprises, financial institutions and platforms that need to move money across complex African payment corridors. The company wants to become the infrastructure that lets global businesses treat Africa as one connected market rather than a collection of separate payment systems.

“We want global businesses to find it as easy to collect and pay out across African markets as anywhere else they operate,” it said. “A company operating in Nigeria, Senegal or Kenya should be able to do it through the same infrastructure, with predictable settlement and full visibility over its funds. More enterprises are building their growth plans around African markets, and we want CrissCross to be the payments infrastructure they use to do it.”

Stablecoins are becoming the layer underneath payments for African payments companies. In June, Flutterwave announced an investment from Ripple as part of its Series E and said it would integrate RLUSD, Ripple Payments, and the XRP Ledger into its payment infrastructure. It has also partnered with Polygon and Tempo to build out stablecoin settlement infrastructure. 

Onafriq, which operates across more than 40 African countries, has taken a similar route. In February, it partnered with Conduit to use stablecoins such as USDC to fund accounts and rebalance treasury holdings, and announced another partnership in July with digital-asset infrastructure provider Privy to develop regulated stablecoin-powered payment services for financial institutions.

Yellow Card has shifted its focus towards businesses, providing stablecoin payment infrastructure, fiat settlement rails, custody, and local stablecoin issuance. Once associated with crypto trading, dollar-backed stablecoins are now being positioned as a way for businesses to settle transactions and move money across borders.

True scale demands moving beyond surface-level integrations to robust execution. We’ve filtered the noise out of Moonshot 2026, optimising the conference strictly for high-calibre connections between startup founders, global financial operators, enterprise leaders and individuals rewiring Africa’s technical frameworks. Get 20% off Early Bird tickets for a limited time.

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In the first nine months of 2026, African startups raised $2.49 billion across 315 disclosed deals, representing 7.8% year-on-year growth from the $2.30 billion raised across 403 disclosed deals in the same period in 2025.

While overall transaction volume dropped in the first half of the year, funding activity rebounded sharply in Q3 2026. Q3 alone brought in $1.025 billion across 167 deals, up from $785 million across 149 deals in Q3 2025, driven by stronger deal flow and larger growth rounds.

Energy, fintech, and clean tech lead big deals

September kept up the Q3 momentum, with investors directing relatively large capital checks into energy infrastructure, mobility, and digital payments platforms.

  • Bluecore Energy (Ghana) raised a $50 million seed round, backed by Slauson & Co., Harlem Capital, Chris Larsen, Collab Capital, HartBeat Ventures, Tesla, Uber, and Amazon, to develop maritime nuclear technology.
  • Odyssey Energy Solutions (Nigeria) secured $74 million in combined capital, including a $47 million debt facility from BII, BIO, Cygnum Capital, and TripleJump, alongside $27 million in equity from Broadscale Group, FMO, and Al Mada Ventures.
  • Paymob (Egypt) raised $35 million in Pre-Series C funding led by Mubadala and EBRD.
  • Mission Mobile (South Africa) pulled in $30.7 million from DN Invest for device-financing infrastructure.
  • ARC Ride (Kenya) completed a $33.3 million round ($23.3M equity led by Novastar Ventures, Norrsken22, and IFC, plus $10M debt) for its e-mobility battery-swapping network.
  • Spiro added $18 million in debt from the Africa Go Green Fund, matching an $18 million debt round raised by Cold Solutions (Kenya) from Cygnum Capital.
  • Synapse Analytics (Egypt) raised $13 million in Series A funding led by Partech, while Nawy Now (Egypt) secured a $12.3 million debt facility.
  • Zeal (Egypt) and SunCulture (Kenya) each pulled in $10 million.

Top funding destinations: Nigeria and Egypt lead

Nigeria remains Africa’s top funding destination so far in 2026, pulling in $624 million across the first nine months. Egypt ranks second with $396 million, followed by Benin ($345 million), Kenya ($297 million), and South Africa ($279 million).

LPs inject $3.08B into African fund managers

Capital is also flowing steadily into fund managers (GPs)  deploying capital on the ground.

According to our State of Tech in Africa H1 2026 Report, LPs committed over $1.7 billion to fund managers in the first half of the year. Q3 2026 added another $1.23 billion in new commitments, bringing total capital raised by African fund managers to $3.08 billion between Q1 and Q3 2026.

Major Q3 2026 fund closes

  • Ninety One closed its Africa Credit Opportunities Fund 3 at $404 million to scale private debt financing.
  • Airnergize Capital (South Africa) reached a $239 million final close for its Clean Energy Fund, backed by DBSA, Standard Bank, and Nedbank.
  • Acumen Capital Partners reached a $90 million second close for its Resilient Agriculture Fund (ARAF) and secured $12 million for ARAF II.
  • Ventures Platform completed an $84 million second close for its Pan-African Fund II, backed by Norfund and the European Bank.
  • CardinalStone Capital Advisers hit a $76 million first close for its West Africa SME growth fund.
  • AgDevCo achieved a $49 million first close targeting early-stage East African agritech.

Fund managers have secured over $3.08 billion in new LP commitments between Q1 and Q3 2026 across climate tech, private credit, and early-stage equity. While this fresh dry powder sets the stage for a strong finish to the year, founders must adapt their fundraising strategies to access it. Securing these new funds requires startups to look beyond traditional equity, build capacity for venture debt, and demonstrate the robust unit economics that today’s capital allocators demand.

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