Why These Brothers Left Their $515 Million Fintech Company To Start A Healthcare Business

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Nayya cofounders Aman and Akash Magoon have raised $5.6 million in capital for their new venture, Adonis, which aims to speed up the medical billing process.

, Aman and Akash Magoon didn’t spend their summer vacations playing video games or at the beach. Instead, they were busy working, helping their parents run their various real estate, oil and gas and automotive businesses. It made for less interesting show and tells at school, but the two today say that working together throughout their teenage years allowed them to establish a sense of entrepreneurship which has guided them in their adult lives.

Adonis’ origin story begins in an unexpected place: a basketball game. Akash was playing and suffered a gnarly injury that required surgery. The paperwork and red tape involved in getting preapproved for a procedure was, Akash says, surprisingly inefficient. Convinced they could do it better, the brothers took a leap of faith by leaving Nayya to help solve those problems with their new venture.

“In our view, the center of the Venn diagram between healthtech and fintech is larger than ever before.”Adonis aims to reduce this gap, making it more likely that patients pay on time, which keeps revenue flows for doctors more consistent and reduces costs by 50%.

 

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There is a lot of money in health business! And everybody needs to be healthy or to treat their deseases.

They sold the top of a speculative, unprofitable market, lined their pockets, and went on to the next grift and forbes is literally giving them press for it ☠️. Absolutely zero crooks in the healthcare buisness 👌🏻

Because Gov contracts are very lucrative

Because healthcare is a racket

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