With diversity in mind, Physician Ami Kumordzie developed a fintech platform despite having no experience in doing so. For her, having people invest in improving their health is a mission per se.
The idea is to connect consumers with IRS-compliant merchants.
While studying at the School of Medicine, Standford University, Ami, Sika health CEO now, observed some shortcomings within the healthcare system. This led her to choose MBA over her residency and further medical studies. (Source: Forbes)
She says. “My first job was as a management consultant working for healthcare clients at BCG.” Her analytical position helped her identify the scope for filling up the gaps in the market.
Kumordzie launched Sika Health when her mother was laid off from her job during the pandemic. Sika is on a mission to ensure customers can access and spend their HAS/FSA funds on items they want and when they want.
Kumordzie says “About 70 million Americans are enrolled in FSA or HSA accounts, contributing about $150 billion a year,”
Kumordzie could raise 6.2 million in the early stages of funding. “Within weeks, I surpassed my goal and raised $1.2 million,” Kumordzie says. She hit a figure of $5 million later during a seed funding round led by Forerunner Ventures representative Brian O’Malley.