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Sat 27 Jun 2020 11:20 AM

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UAE-based Fincasa Ventures invests $50m in healthcare tech start-up

MediSponsor to introduce Covid-19 contact tracing app and augmented glasses

UAE-based Fincasa Ventures invests $50m in healthcare tech start-up

Dr Nilesh Patil, co-founder of MediSponsor, Varis Sayed, founder and CEO of Fincasa Ventures; Rahul Pawar, co-founder of MediSponsor and company CEO; and Dr Roshan Patil, MediSponsor co-founder.

UAE-based Fincasa Ventures has invested $50 million into MediSponsor, an integrated healthcare cloud CRM solution.

The funding will allow the US company to expand its operations in Africa, the Middle East, South America and South Asia.

Varis Sayed, founder and CEO of Fincasa Ventures said: “MediSponsor is an upcoming player in the start-up industry which will bring value proposition on the Covid-19 pandemic through its visual analytics technology as well as impact healthcare service delivery.”

MediSponsor delivers services into three segments – cognitive, care and cure through its proprietary XAAS platform. Through the investment, the company aims to introduce innovative solutions, such as it TraCovid IT solution - a contact tracing application; hospital management information system; and augmented glasses with an inbuilt thermal and facial recognition system that will not only enhance the healthcare industry in the country, but also serve as a key essential for government organisations and retail sector.

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