Famasi Limited

Famasi Limited is a digital health company founded in 2021 that applies artificial intelligence to the pharmaceutical supply chain in Nigeria. Its work spans several technical areas, among them inventory management systems, point-of-sale software, mobile scanning and Android terminal development, as well as telemedicine integration.

The company operates two products. Famasi Platform connects individuals and businesses to more than 1,000 pharmacies, providing same-day delivery and automated medication refills for people with recurrent needs. Dispensary is a pharmacy operating system that combines inventory management, point-of-sale and mobile scanning on a single Android terminal, replacing conventional desktop setups in retail pharmacies.

The stated market is substantial. Famasi cites roughly 130m Nigerians managing chronic illness or recurrent medication needs, and a medication non-adherence rate of 50%, attributed to access problems, forgetfulness and weak chronic-care management. Beyond Nigeria, the company lists Africa and emerging markets as areas of presence, and works with physicians, telemedicine providers and diagnostics firms.

Famasi was founded by Adeola Ayoola, a pharmacist, and Umar Faruq Akinwunmi, a product storyteller, who had known each other for 13 years beforehand and who describe founding the company after encountering healthcare shortcomings themselves. Its stated aim is to simplify medication for people with recurrent needs by personalising care at scale.