Elevate Capital Invests in Baseeta, a new consumer financing service

Elevate Capital Invests in Baseeta, a new consumer financing service

- Baseeta’s platform combines health-tech and fintech to bring to patients an innovative financial solution that enhances the population’s immediate access to otherwise unaffordable medical procedures.

Cairo, Egypt: Elevate’s latest investment in startup company, Baseeta for Digital Solutions, aims to alleviate the burden of healthcare costs by providing patients with an easy-to-use tech-enabled financing solution. Baseeta for Digital Solutions is Egypt’s only intermediary financial services company focused exclusively on healthcare services. Baseeta recently launched its consumer finance platform aimed at empowering patients by providing them with access to affordable healthcare financing solutions that best suit their individual and wide-ranging needs. Baseeta’s technology will allow patients to pay for select medical services in installments, as opposed to traditional one-time upfront payment arrangements.

Led by an exceptional team, the company’s management includes Baseeta’s Chairman, Medhat Khalil, a veteran in the technology investments space as the Chairman and CEO of Raya Holding, an Egypt-based investment conglomerate boasting over 12 thousand employees and generating more than EGP 8 billion in revenues. Serving as Baseeta’s CEO, Ayman Seoudi is an experienced banker and financier with nearly two decades of experience at leading commercial banking institutions, such as CIB and Credit Agricole. Elevate Capital founder and CEO, Tarek