10mg Health
AI-Powered PayPal for Healthcare Credit in emerging markets
Idea in Financial Services
Introduction
10mg Health is an “AI-powered PayPal for healthcare credit,” giving clinics and pharmacies instant, collateral-free loans via a patented API so they can quickly stock life-saving medicines and treat patients on time. Think of us as “PayPal for healthcare” in emerging markets: our patented AI engine plugs into clinics’ existing ordering software, instantly approving collateral-free loans so providers can stock life-saving medicines and deliver care without delay.
Problem
A vast $60 billion credit gap cripples thousands of clinics, pharmacies, and hospitals across emerging markets—forcing healthcare providers to wait 90+ days for loans, if they can access them at all. Credit databe is fragmented and the absence of reliable credit histories make lenders wary, driving exorbitant interest rates exceeding 30% and collateral demands that most small health facilities simply cannot meet. The result is a vicious cycle: underfunded providers run out of essential medicines, patient care stalls, and entire communities—women, children, and the chronically ill—are left without lifesaving treatment. This systemic breakdown not only risks lender capital but also endangers the health of millions who depend on timely access to quality care
Opportunity
Our solution, 10mgCredit, shatters the barriers of traditional lending with a patented (UK No. GB1504561), AI-powered credit engine that delivers instant, collateral-free loans to clinics, pharmacies, and hospitals at the point of purchase. Hosted on rock-solid AWS infrastructure (EC2, Docker, SNS, S3, GenAI), our API plugs directly into existing procurement platforms—much like PayPal or Klarna streamlines online payments—so providers get affordable funds in seconds, not months.
As the first mover in B2B healthcare financing for emerging markets, we turn fragmented transaction and KYC data into rock-solid credit scores, reducing default risk below 2% while slashing interest rates to single digits. This real-time, data-driven approach keeps shelves stocked with life-saving medicines and empowers over 8,000 providers serving 183,000 + patients monthly. By combining cutting-edge deep tech with a relentless focus on impact, 10mgHealth not only secures lender capital but also safeguards the health of millions in under-resourced communities.