NucleusIS Africa Limited, an African technology company, has announced its acquisition of Rigo Microfinance Bank Limited.

A statement issued on Thursday disclosed that the takeover is expected to strengthen NucleusIS Africa’s ability to deliver healthcare financing services across the continent.

Speaking on the acquisition at a press briefing in Lagos, the Board Chairman of NucleusIS Africa Limited, Mr Femi Niyi, said, “This acquisition aligns perfectly with our vision of transforming healthcare financing in Africa. Combining our innovative solutions with Rigo Microfinance Bank’s financial services infrastructure will enable us to address critical healthcare challenges more effectively.”

He added that the acquisition underscores NucleusIS Africa’s mission to close the healthcare funding gap through technology-driven solutions.

“By integrating Rigo Microfinance Bank’s established financial infrastructure, the company aims to broaden its reach and enhance its ability to offer seamless, customised financial services to healthcare providers and patients,” Niyi stated.

“The firm will be able to better support medical service providers and expand access to essential healthcare services for more Africans,” he added.

With the added capacity, the company plans to introduce new financial products designed to support healthcare providers, facilitate patient financing, and significantly improve access to quality healthcare services.

“This move aims to redefine healthcare financing in Africa, advancing the company’s mission of sustainable healthcare solutions,” the statement noted.