Med.tn, an online platform that allows users to find doctor closest to them and make appointments for free, recently closed an investment from Carte Assurance, one of Tunisia's leading insurance companies.
The two companies signed the MoU towards the end of last year. However, it was recently revealed that the value of the deal is TND 2 million (est. $660,000).
This round was Med.tn's first external fundraising even though they have seen a couple of parties express interest in investing in them according to Malek El Abed - a Project Manager at the startup. "Three different funds have approached us," he said.
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In the end, they decided to join hands with Carte Assurance mainly due to what they think they can do together. "The most important [thing] for us it was to find synergy because we think [of] smart money and that's all we found with Carte Assurances," wrote Malek.
The company is looking to use the funding for expansion purposes amongst other things.
"The funding will be invested to develop the activities of med.tn and perpetuate its business model and expand its teams. we will soon be launching online appointments for doctors and the telemedicine service that will be paying."
Founded in 2016 by Mekki Ghediri, Issam Bellaj, Emna Jellouli and Aymen Turki, Med.tn currently maintains a staff of around 15 in Tunisia. However, their operations span six countries; Tunisia, Egypt, Morocco, Algeria, Turkey and Saudi Arabia.
"Our purpose is to offer a free and clear medical expertise to the patient from all around the world," Malek pointed out.
As a medical platform that connects health professionals with patients, Med.tn has a monthly traffic of 550,000 visitors from Algeria, Tunisia, Morrocco and the other markets where they have operations.