API-first firms are on the rise, not simply in fintech but additionally in sectors like healthcare. This diversification is boosted by the truth that staff who’ve earned their chops on banking APIs at the moment are making use of their expertise to different issues.
Healthcare is likely one of the sectors that would profit from API options. Whereas there’s worth in figuring out your coronary heart price or glucose ranges, an API will help firms give its finish customers a way more world view of their well-being, permitting them to take the suitable steps to remain wholesome.
Mexico-based startup Vivanta lives at this intersection of healthcare and APIs. Its focus is well being information, with a watch on the truth that wearables have gotten ubiquitous. However its co-founders Alex Hernandez and Jorge Madrigal beforehand labored collectively at fintech firms: Arcus, acquired by Mastercard final December, and Belvo, which is API-led and typically described as “LatAm’s reply to Plaid.”
This API-centric observe document was key for the startup to lift a $300,000 pre-seed spherical even earlier than launching its product — Vivanta is doing a non-public launch subsequent month.
“We invested in Vivanta as a result of Jorge and Alex have a profitable observe document of pushing new API merchandise into the market,” mentioned 99startups managing companion Alejandro Gálvez, who participated within the funding alongside Guadalajara’s Redwood Ventures, Monterrey’s Angel Hub MTY and Mexico-focused syndicate Lotux.
Vivanta’s founders additionally invited a dozen people to take part within the spherical, with a deal with operators with related experience. “Having the ability to ask inquiries to individuals who’ve carried out it earlier than is invaluable,” Madrigal informed TechCrunch. “We needed to have a powerful community of those who we will lean on.”
A few of Vivanta’s angel traders are founders themselves, equivalent to Arcus’ Edrizio de la Cruz, Madrigal’s and Hernandez’s former boss. However the pair additionally made a deliberate effort to succeed in out to technical profiles which are maybe much less widespread on cap tables — together with feminine engineers and CTOs at present constructing APIs.