Ola Brown, MFR’s Post

Our investment in MDaaS has yielded remarkable results. At the time of our initial investment, the company operated a single center in one state. However, driven by their innovative and proprietary technology, MDaaS has since expanded its reach to serve over 500,000 patients across 20 locations in 10 states. This significant growth demonstrates the company's commitment to improving healthcare accessibility and outcomes.

The rigors of Series A funding can be unexpected for startups that have previously relied on angel syndicates, seed, or pre-seed funding via SAFE notes. That's why, upon investing, we immediately begin supporting founders on their journey to Series A, as outlined in the video below. Our goal is to ensure a seamless transition and prepare them for the next stage of growth. Full video in comments

Excerpt from my recent talk at the Endeavour Africa conference, where I highlighted the vast opportunities in African Healthtech. Despite the significant disparity in banking infrastructure, with 1.4 bank branches per 1,000 people in Africa compared to 13.4 in the US (World Bank, 2020), African entrepreneurs have innovated and adapted, resulting in 70% of all mobile money transactions occurring in Sub-Saharan Africa (GSMA, 2022). Similarly, the healthcare sector presents a significant opportunity for innovation, with 2.8 doctors per 1,000 people in the US compared to 0.8 in Africa (World Health Organization, 2021). We envision a similar phenomenon unfolding in Healthtech, with Africa emerging as a hub for innovative solutions that address the continent's unique healthcare challenges. By harnessing this potential, we can create a healthier world for all and unlock the next generation of Healthtech unicorns in Africa. #AfricanHealthtech #Innovation #Healthcare #Entrepreneurship Full video in the comments.

Venture capital & the economy - Venture capital firms manage over $1.3 trillion in assets in the US (Source: National Venture Capital Association (NVCA)) - Venture-backed companies account for 43% of the total market capitalization of the US stock exchange (Source: NVCA) - Venture-backed firms have created over 40 million jobs in the US, which is approximately 21% of the total US workforce (Source: Stanford University's Arthur and Toni Rembe Rock Center for Corporate Governance) - The venture capital industry contributes over $3.4 trillion to US GDP, which is approximately 21% of the total US GDP (Source: NVCA) - Venture-backed companies are responsible for 85% of the innovations in the US, which includes the development of the internet, GPS, and biotechnology (Source: NVCA) - Venture capital investment has been shown to increase economic growth by 2.5% to 5% per year (Source: World Bank) Sources: - National Venture Capital Association (NVCA) - Stanford University's Arthur and Toni Rembe Rock Center for Corporate Governance - World Bank - PitchBook Data Learn more in my lecture below:

It was an honor to attend the farewell ceremony for Mr. Victor Etuokwu, MON , an exceptional banking operations professional. I want to express my gratitude for his dedication, expertise, and passion in contributing to Access Bank Plc"s growth and success. His commitment to excellence has left a lasting impact, and he will be deeply missed. Thank you, Victor, for your remarkable service and leadership. Wishing you all the best in your future e#Leadership #Banking #Farewell ps: Whenever I talk about Access I always sound like a member of staff, not a customer, lol