Key Developments

Ghanaian Healthtech Startup Rivia Acquires SaaS Provider Waffle to Boost Digital Healthcare Network

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Ghanaian healthtech startup Rivia has announced the acquisition of Waffle, a local software-as-a-service (SaaS) company specializing in solutions for small and medium-sized businesses (SMBs).

This strategic move aims to accelerate the digitization of primary care clinics in Ghana and streamline Rivia’s operations.

Launched in January 2024, Rivia partners with clinics, offering comprehensive support in areas like customer acquisition, financing, and technology.

Their goal is to elevate the quality of patient care and expand clinic reach.

To further enhance its offerings, Rivia has acquired Waffle and its suite of hospital management and inventory tools, now known as RiviaOS.

Leading the technology charge at Rivia is Victor Nara, the founder of Waffle, who has joined the company as Chief Technology Officer.

Nara brings valuable business and technological expertise to the table, as highlighted by Rivia CEO Isidore Kpotufe.

“Victor’s insights were instrumental in this strategic acquisition,” said Kpotufe.

This acquisition comes within just three months of Rivia’s launch, demonstrating their ambitious growth plans.

RiviaOS, powered by Waffle’s technology, provides a comprehensive Healthcare-as-a-Service (HaaS) solution for clinics.

It includes features like appointment scheduling, online service marketplaces, and virtual consultations. Additionally, RiviaOS leverages artificial intelligence for health diagnosis, integrates with e-pharmacies and e-labs, and offers functionalities for vital sign capture, billing, and inventory management.

Both Rivia and Waffle emphasize a shared commitment to improving healthcare access and outcomes. The combined entity expects to deliver increased value, options, and opportunities for clinics, patients, partners, and employees.

This acquisition positions Rivia to capitalize on Ghana’s flourishing digital health market.

According to industry reports, the market is projected to reach $171 million in revenue by the end of 2024 and surpass $250 million by 2028.

The fitness and wellness segment is expected to be the largest driver of this growth, reflecting Ghanaians’ growing interest in personal health.

Telemedicine is also gaining traction, offering improved access to healthcare in remote areas.

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