Vittas is a Nigerian company providing integrated healthcare financing solutions, accounting software, and POS systems to pharmacies and hospitals. Its mission is to address one of the healthcare sector’s most pressing challenges: lack of access to affordable financing. In Nigeria, limited access to credit has made it difficult for healthcare providers to purchase quality medications and equipment, directly impacting patient care. The sector faces an estimated $82 billion funding deficit, driven by inadequate data, high interest rates, and unfavorable loan terms. To bridge this gap, Vittas offers tailored loans to healthcare enterprises by disbursing funds directly to vetted suppliers. This ensures that capital is used for revenue-generating purchases such as medications and medical equipment—minimizing misuse and reducing the risk of default. To complement its financing services, Vittas provides: Accounting software for hospitals and pharmacies that still rely on manual records, enabling better financial visibility. POS systems to streamline financial transactions for clients. At the core of Vittas’ innovation is its proprietary in-house risk assessment model, which evaluates clients during due diligence and integrates directly with their accounting systems. Over the past 2.5 years, the company has also been experimenting with AI-powered risk models, building on existing Large Language Models (LLMs) to enhance decision-making. While promising, full adoption will require 2–3 more years, particularly as they continue to strengthen their negative datasets.

COUNTRY
Nigeria

WEBSITE
aidechemist.com

Focus Area:
Healthcare Financing and HealthTech
Infrastructure