A fast-rising health-focused fintech, NucleusIS Africa, has rebranded as RIGO Incorporated in a bid to deliver more value to its customers.
The firm now has two core business segments; RIGO Finance and RIGO Tech.
After acquiring a microfinance bank operating licence, RIGO Finance will offer collateral-free loans within 48 hours, bill payments, and smart wallets to healthcare SMEs, while the RIGO Tech subsidiary will services to HMOs and providers who want to manage operations, claims, and inventory with ease.
According to the company, the transformation is not just a cosmetic shift; it’s a signal of platformization as this will allow it to offer a vertical SaaS + embedded finance stack tailored for the Nigerian healthcare market, one of the most complex and fragmented in Africa.
“We’re no longer just a lender, we’re an enabler. RIGO is infrastructure for healthcare, finance, operations, and integrations, all from one connected platform,” the chief executive of RIGO, Mr Kayode Odeyinde, said.
Also, the chairman of the board, Mr Femi Niyi, said, “We’ve evolved from a health-tech startup into a full-spectrum finance and technology enabler for the healthcare sector. This journey has been marked by our recent acquisition of a microfinance bank.
“Through RIGO Finance and our expanding ecosystem, we’re removing the barriers that have held healthcare businesses back for decades.
“This new chapter isn’t just about growth. It is our commitment to building infrastructure that makes healthcare delivery faster, more efficient, and financially inclusive. We’re not just enabling access. We’re redefining what’s possible for healthcare in Africa.”
Over the years, RIGO has undergone an aggressive expansion over the years, transforming how healthcare financing and technology work across Nigeria.
It has connected stakeholders across the value chain and aggregated healthcare data on more than 1.3 million people.
Alongside this, it has empowered over 2,000 healthcare businesses and disbursed upwards of N10 billion in collateral-free loans, all while refining solutions for inventory management, digitized claims, HMO integrations, and smoother cash flow.