ESIP Vezeeta (IFC-40783)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 19, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
DR BRIDGE LLC
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 11, 2018

Disclosed by Bank Jun 3, 2018


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Project Description

Dr Bridge Holdings Ltd. is creating a digital healthcare platform for the Middle East and North Africa ("MENA"), focusing on booking and medical apps for private doctors and patients. Launched in Egypt in 2012, the company operates in Jordan and plans to soon expand to Saudi Arabia and the broader MENA region. The Company is transforming the way patients and doctors schedule appointments and manage health outcomes in MENA. The two main product offerings are:

  1. Consumer-facing web app and mobile app where users can find doctors by neighborhood, specialty, insurance and ratings to book an appointment; and
  2. Clinic management software and premium mobile apps for doctors, which enable them to manage appointments and patient data as well as to communicate with patients.
Investment Description
  • International Finance Corporation (IFC)
Private Actors

The project sponsor is Amir Barsoum, the CEO and co-founder of Vezeeta. The primary shareholders include the two co-founders (Amir Barsoum and Ahmed Badr), Technology Development Fund II, Badia Impact Fund, Vostok New Ventures, and BECO Capital.

Contact Information

Vezeeta 
Amir Barsoum 
CEO 
+2 02 259 83 999 
customercare@vezeeta.com 
Heliopolis Cairo, Egypt 
https://www.vezeeta.com/ 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/