Nubia Capital is excited to announce its investment in UltraTeb, a fast-growing healthtech and fintech startup based in Egypt. UltraTeb operates a B2B e-commerce platform designed to transform medical procurement for hospitals and clinics across Africa and the Middle East.
Founded by siblings Mohamed Dabees and Yasmeen Dabees (28, UltraTeb enables healthcare providers to connect directly with suppliers — eliminating costly intermediaries — while providing Buy Now, Pay Later (BNPL) financing, predictive inventory planning, and working capital support.
Transforming Healthcare Supply Chains with Embedded Fintech
UltraTeb’s platform addresses long-standing inefficiencies in the region’s hospital supply chain, allowing medical facilities to:
- Procure directly from 70+ vetted vendors
- Manage over 2,500 stock-keeping units (SKUs)
- Benefit from zero-interest financing through custom credit lines
- Leverage predictive analytics to avoid stockouts
The startup has already onboarded 50+ hospitals, achieved $350,000+ in cumulative sales, and secured a $4 million credit facility to support medical institutions in Egypt. Its next milestone: expanding operations to Nigeria in 2025, one of Africa’s largest and most dynamic healthcare markets.
Nubia Capital’s Perspective
“UltraTeb stands at the intersection of healthtech and fintech innovation,” said Davidson Oturu, Managing Partner at Nubia Capital. “They’re solving real, systemic problems in African healthcare using a scalable digital platform that blends procurement, data, and financial infrastructure.”
This investment aligns with Nubia Capital’s commitment to supporting mission-driven startups in frontier markets that are leveraging technology to create lasting social and economic value.
A Regional Vision with Pan-African Potential
With a focus on digital healthcare infrastructure, financial inclusion for SME hospitals, and scalable B2B solutions, UltraTeb is positioned to become a foundational player in the continent’s next-generation healthcare system.
Its strategic roadmap includes:
- Launching in Nigeria (2025)
- Expanding into two additional countries by 2026
- Diversifying into labs, radiology centers, pharmacies, and polyclinics
About UltraTeb
UltraTeb is a Cairo-based healthtech and embedded fintech startup offering a digital B2B procurement and financing platform for medical institutions. Founded in 2022, UltraTeb helps hospitals and clinics source medical supplies directly from vendors while managing inventory, payments, and supply forecasting in one platform. Learn more at www.ultrateb.com.
About Nubia Capital
Nubia Capital is a U.S.-based venture capital firm that invests in early-stage, tech-enabled companies building scalable solutions for Africa and other emerging markets. The firm focuses on sectors such as fintech, healthtech, climate tech, and inclusive commerce, with a strong belief in local founders solving global problems. Learn more at www.nubiacapital.vc
