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In the heart of Africa's healthcare lies Life Bank, a health tech company driven by a single mission: to save lives and reshape how medical supplies reach those in need. From bustling urban centres to remote villages, Life Bank ensures that critical medical supplies such as blood, oxygen, and medical consumables reach hospitals faster, safer, and more reliably than ever. Their innovative logistics network, using different modes of transportation, guarantees deliveries within 45 minutes, saving countless lives in emergencies. However, ensuring such an efficient and consistent operation comes with its own challenges, especially financial ones.
Running a round-the-clock operation, their operations also prioritise safety through a WHO-recommended cold chain system and blockchain-powered records, ensuring that every product is sourced, stored, and delivered with uncompromising quality. By combining technology with health, Life Bank has become a lifeline for hospitals across Nigeria.
For Life Bank, the challenge was not a lack of demand—hospitals and healthcare providers across Nigeria relied heavily on their services. Instead, the roadblock lay in delayed payments. Hospitals often struggled with liquidity, leaving Life Bank with unpaid invoices. These delayed payments meant Life Bank faced constraints in maintaining their robust logistics network, sourcing medical supplies, and scaling their impact. They needed a way to turn their pending invoices into liquid cash to continue their mission of saving lives. With limited access to traditional credit facilities, they sought a partner who understood the urgency of their work and could provide a financial solution.
Understanding the critical role Life Bank plays in healthcare, Salad Africa stepped in as a trusted partner to help them overcome handle their finances. Through Salad Connect, Salad connected Life bank with a Lender who provided them with the liquidity they needed to keep their operations seamless and uninterrupted. Here is how Salad’s partnership with Life Bank worked:
Turning Pending Invoices Into Working Capital
Salad collaborated with Life Bank to process unpaid invoices from hospitals and healthcare providers. By connecting them with Lenders to finance these invoices, Salad ensured that Life Bank received immediate funds to reinvest in their logistics operations, purchase essential medical supplies, and maintain their delivery infrastructure.Customised Financial Solutions
Salad understood Life Bank’s unique needs and challenges. The partnership ensured Life Bank had access to flexible credit solutions for their cash flow cycles, allowing them to manage their finances without being cash-trapped.Empowering Growth and Impact
With Salad’s support, Life Bank could scale its operations, expand its reach, and explore new innovations in health tech. This financial stability allows Life Bank to focus on saving lives.Salad’s role went beyond just connecting; it was about building an ecosystem where businesses like Life Bank could grow. By connecting Life Bank to a lender who truly understood their mission, Salad reinforced its commitment to enabling businesses to grow, manage cash flow, and remain resilient.
The partnership between Salad Africa and LifeBank shows the power of financial solutions in driving social impact. With Salad’s Connect product, Life Bank has been able to avoid cash flow challenges, maintain its life-saving logistics network, and strengthen its position as a healthcare logistics leader. As Salad Africa continues to innovate and provide embedded financial solutions, businesses like Life Bank can focus on their missions, knowing they have a reliable partner supporting their growth and resilience. Together, Salad and Life Bank are proving that when businesses are empowered with the right tools, they can not only thrive but also transform the communities they serve.