Waspito

More than 500 million people in Africa have to travel over 5km before seeing a doctor. This distance multiplies exponentially if they have to see a specialist doctor. Although internet penetration is relatively low, over 43% of Africa has access to internet connectivity even very remote areas have access to internet. Waspito leverages this continuous progress of internet connectivity to provide a doctor for every African family from the comfort of their homes. Over 40% of medical ailments can be resolved without a physical meeting with the doctor. Over 5 billion USD could be saved if this geographical and human resource gap is met. Over 5 million people die each year on the way to the hospital. This is should not be the case in an era where access to internet is available in far end villages where roads are inaccessible. 

Waspito is a mobile application present on App and Playstores. With this application, users have a list of over 850 doctors in different specialities and can call any of them in just 3 clicks and have a video session with them. paying a very minimal fee through telecommunication companies' payment solutions. 

Consultations could be video, audio, text or voice messages based on the internet strength and preference of the users. Users can order a mobile laboratory service to get sample collections at home and or drug delivery services. 

This platform also enables the user to interact with other users for support and get second opinions for free.

Doctors using the same application are able to work remotely and make extra income.

Waspito serves every African who has access to the internet and requires a health service. Waspito enables them to save time and cost of travelling to cities for consultations and follow-up visits. 

We are a strong, dedicated, dynamic and qualified team who deliver this solution. The CEO has a rich human resource, finance and tech background from a Fortune 500 company. The Chief Health Officer has over 7 years of experience in implementing public health programs internationally including health tech projects. He is a founder of a company which was acquired by Waspito. No other person could do this better. The executive is guided and mentored by an experienced advisory board from medical, legal, business and technology backgrounds. The current team size is 30 full-time staff and about 6 part-time staff.  

We today serve over 400,000 people on our platform with about 100,000 being recurrent users and over 10,000 clients 

We applying to SOLVE in order to gain in mentorship, in brand notoriarity, startup education, access to finance and preparation for raising series A round of funding. 

We are today in two countries, Cameroon in Ivory Coast. We believe more networking may facilitate entry into other targeted end markets where we hope to be present by next year

Waspito is very innovative and disruptive because it gives power to the patient and users to choose who they want to consult and when they want to consult. Waspito gives specialist doctors the ability to provide expert opinions remotely in different areas while working form home or in one office. 

Waspito bring in a whole new opportunity in health financing as users are able to finance their healthcare by using coins won in the application. 

Waspito creates a one-stop-shop for all healthcare services, give big pharma a huge opportunity to cut down cost of advertisement by advertising to a target health oriented market instead of a vague facebook market for example.

We hope in 5 years' time we should be present in 11 African countries and we should be serving over 5 million people. 

We also hope to grow significantly in revenue and funding in the next 3 years to be a unicorn start-up. 

We will achieve this by leveraging on our B2B partnerships which are international. These B2B deals help us facilitate entry into new markets.

The technology is very scalable hence we will invest in people, marketing and best-in-class technology

we are measuring our progress by tracking indicators such as 

-number of users, 

-number of consultations 

-Monthly revenue generated

today we are at over 400,000 users, over 5,000 consultations, and an MRR of 200,000 USD

We are growing in-app users, who are retained by our social network engagement feature, these engaged users become clients in a few days to weeks and are retained. Their habits of going to the hospital for every problem are modified to now calling the doctor before knowing when to go to the hospital. We will by this method help prevent hospital-acquired infections such as covid-19 and others. 

Our apps are coded in Laravel, and present in App Store and Play Store.

We use AI to learn users' behaviour and suggest interesting content to them.

We use integrated payment solutions with Telcos to facilitate payments. 

We also use a video call tool provided by Agora

Our leadership team is 20% female, the entire team is 40% female. 

We have a good balance of both englsih speaking and french speaking people 

leadership team includes members form all countries represented. 

We encourage any minority groups in the best way we can and strive to build a culture of inclusivity to permit a condusive environment for work

B2C

Users pay for consultation, mobile laboratory, and pharmacy services on our platform and we get a commission from the providers fee, ranging from 10% -30% on some services. 

Users pay as they go or pay yearly subscription packages co-designed and backed by insurance packages. 

B2B 

small and medium size companies that do not have insurance coverage for their workers pay for our small annual packages to give health access to their employees

We will become sustainable when we reach critical numbers in sales which are sufficient in covering our invested capital. 

Our commissions are our principal gains. 

We are on the way of breaking even in the next many months which will put us in a very good position as maintainance of tech is not as costly as building initial product.

Year 1 we made 518,000 usd in revenue

Year 2 we made 2,000,000 USD in revenue and now in year 3 numbers are promising. How ever, we have sufficient runway until about 18 months in case we do not break even or raise funds