23 October 2020,
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It says as an alternative to traditional inventory finance, Shelf Life costs pharmacies between 60% and 82% less than traditional loans. The streaming platform, launched…, In the run-up to the US presidential election, Twitter has announced and incorporated a range of temporary features and changes. Field Intelligence has been a pioneer in pharmaceutical supply chain solutions in Africa. He is also an award-winning writer. They bring deep fintech and logistics experience, which will be vital in helping us build a new generation of healthcare supply chains in Africa and beyond,” said Michael Moreland, co-founder and chief executive officer (CEO) of Field Intelligence. Since inception, Shelf Life has maintained 96% stock availability for its clients, up from a pre-Shelf Life baseline of 60%. They share our vision for catalysing change in a huge and vitally-important sector. On what the investors found in Shelf Life, an arm of Field Intelligence for which they are committing the investment, Lauren Cochran, Managing Director, Blue Haven Initiative, said: “Shelf Life is a proven platform to transform access to medicines through Africa’s private community pharmacy market. Members of the public are encouraged to vote for…, Ollie Health, a SA healthtech startup has just launched its  virtual healthcare booking app that connects patients with healthcare professionals in an easy-to-use platform. This is enabled through an embedded e-SIM in…. The new investment will fund Shelf Life’s expansion throughout Nigeria and Kenya, as well as the development of additional services for Shelf Life clients and their patients. “Its platform increases efficiency, decreases financing costs, and establishes strong rails for transformative payments and inventory services – ultimately improving access to medicines in community pharmacies.”. The company made the…, The inaugural Ideas For Change Challenge organised by the Stellenbosch Network has announced this year’s finalists. Field Intelligence was founded in 2015 by American Michael Moreland and Australian Justin Lorenzon. Using Field Intelligence’s technology platform, Shelf Life forecasts, procures, delivers, manages, and finances each product the pharmacy has subscribed to. Particularly, Ashley Lewis, Senior Investment Officer for Africa at Accion Venture Lab, Accion’s seed-stage inclusive fintech investment initiative, points out that: “Its platform (Shelf Life) increases efficiency, decreases financing costs, and establishes strong rails for transformative payments and inventory services — ultimately improving access to medicines in community pharmacies.”. Michael Moreland, Co-Founder and CEO, Field Intelligence. “Shelf Life is a powerful example of the innovative use of financial technologies to address supply chain challenges that hinder small businesses’ efficiency and growth – and ultimately affect their ability to deliver the products and services that communities need to thrive.”, Ashley Lewis, Senior Investment Officer for Africa at Accion Venture Lab, Accion’s seed-stage inclusive fintech investment initiative, adds, Field Intelligence says over 280 community pharmacies in Nigeria and Kenya have now subscribed to Shelf Life to-date, making it one of the largest networks of pharmacies on the continent. Field Intelligence is today announcing the successful closing of its Series A funding round led by Blue Haven Initiative, with investors including Newtown Partners via the Imperial Venture Fund, Accion Venture Lab, and others. Its Shelf Life “Pay-As-You-Sell” subscription service for pharmaceutical products has grown rapidly since first debuting in Nigeria in mid-2017. This Series A round of funding was led by. Save my name, email, and website in this browser for the next time I comment. The company which started back in 2015 claims to be focused on making the pharmaceutical supply chain radically simple, affordable, and effective, by helping providers — from the largest health systems to the smallest drug shops — to ensure a new generation can access the care it needs to flourish. “Shelf Life is a proven platform to transform access to medicines through Africa’s private community pharmacy market. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions. Shelf Life’s pharmacy clients can subscribe to over a thousand quality-assured and price-stabilised drugs from 50 medical, health and wellness categories. For 80% of people in Africa their community pharmacy is the frontline of the health system and yet they routinely stock out of essential medicines, incur significant losses to expiry and struggle with substandard and falsified drugs. “We’re delighted to welcome new investors into the business. They share our vision for … As stated by Michael Moreland, Co-Founder and CEO, Field Intelligence, says, the firm is pleased to welcome its new investors and is more committed than to boosting healthcare supply chains across Africa. To improve your experience, deliver personalised content and advertising. “Shelf Life is a proven platform to transform access to medicines through Africa’s private community pharmacy market. Advisory support to the transaction was provided by CrossBoundary through USAID’s Invest programme, funded by the USAID Southern and East Africa Regional Missions in support of the US Government’s Prosper Africa initiative. They bring deep fintech and logistics experience, which will be vital in helping us build a new generation of healthcare supply chains in Africa and beyond.”, Lauren Cochran, Managing Director, Blue Haven Initiative says, Pre-orders opened for the device on 16 October,…, For the last few years Toyota has managed to outsell all its luxury SUV rivals, with a diesel Prado that was powered by an…, When you think Mini the association is trendy design and parking convenience. Field Intelligence was founded in 2015 by American Michael Moreland and Australian Justin Lorenzon. Shelf Life’s pharmacy clients can subscribe to over a thousand quality-assured and price-stabilised drugs from 50 medical, health and wellness categories. Telkom has announced the launch of new shared data plans with their FreeMe Share Plans — which allow multiple SIMs to share a single…, Streaming platform Quibi has announced that it will be closing down, after only being on the market for six months. Your email address will not be published. Nigerian startup Field Intelligence has announced that it has closed a $3.6-million Series-A funding round to fund the further roll out of its product Shelf Life, a supply chain finance platform for pharmacies in Africa. Michael Moreland, Co-Founder and CEO, Field Intelligence, says, A New $20m Fund For African Logistics Startups Launched By Imperial, Newtown Partners, Ghana, South Africa, Nigeria Are Passing Tougher Laws To Regulate Uber, Bolt, Others, eVuna, South Africa’s startup launches insight crowdsourcing platform for brands, Sub-Saharan Africa’s Difficult Road to Recovery, Efficiency for Access allocates $3.7m to solar related technologies in Africa, KOSAP grants $4.6m to distributors of solar kits and improved stoves in Kenya, NACCIMA warns that Nigeria losing investment-friendly attraction due to Looting. He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance. For media enquiries, please contact Matt Ward on [email protected] Michael has 1 job listed on their profile. Over 280 community pharmacies in Nigeria and Kenya have now subscribed to Shelf Life, making it one of the largest networks of pharmacies on the continent. “We’re delighted to welcome new investors into the business. They share our vision for catalysing … They bring deep fintech and logistics experience, which will be vital in helping us build a new generation of healthcare supply chains in Africa and beyond,” Michael Moreland, Co-Founder and CEO, Field Intelligence said. Sign up to our newsletter to get the latest in digital insights. Joining the train of Africa’s latest fund raisers is the Nigerian social enterprise startup, Field Intelligence, which is building a new generation of healthcare supply chains in Africa. The design and development have been done on the ground in Nigeria and Kenya and there’s real experience in the team of what it takes to deliver at scale in African health systems.”, Llew Claasen, Managing Partner, Newtown Partners notes, Field Intelligence calls itself a pioneer in pharmaceutical supply chain solutions in Africa. “We’re excited about the potential for the Field Intelligence technology-first distributor business model to grow the pharmaceutical value chain in Sub-Saharan Africa, by supplying genuine pharmaceutical products, managing stock and providing working capital finance to community pharmacies.”, Michael Schlein, President and CEO, Accion, says, But the British brand has always provided a spirited driving experience, favouring…, Audi connect seamlessly links you, your smartphone, and your Audi into one connected and integrated hub. The design and development have been done on the ground in Nigeria and Kenya and there’s real experience in the team of what it takes to deliver at scale in African health systems.”. © Memeburn 2018, a Burn Media publication. These inefficiencies cost the health system millions of dollars each year and limit access to quality care. Its Shelf Life “Pay-As-You-Sell” subscription service for pharmaceutical products has grown rapidly since first debuting in Nigeria in mid 2017. No article may be published or reproduced without prior written permission from Memeburn. The design and development have been done on the ground in Nigeria and Kenya and there’s real experience in the team of what it takes to deliver at scale in African health systems, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Reddit (Opens in new window). Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. They share our vision for catalysing … In a statement today the startup, which was was founded by American Michael Moreland and Australian Justin Lorenzon in 2015, said the new investment will fund Shelf Life’s expansion throughout Nigeria and Kenya, as well as the development of additional services for Shelf Life clients and their patients. …, With the digital realm and technology presenting endless opportunities for business development and creation, Steve Briggs, Chief Commercial Officer at SEACOM, provides insight into…, The Surface Go 2 is the latest Microsoft Surface device to land in South Africa, adding to the range of available devices on our…, LG has officially launched the world’s first rollable TV, following two years of teasing and hinting at the technology coming to market. Michael Moreland, Co-Founder and CEO, Field Intelligence “We’re delighted to welcome new investors into the business.

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