{"id":3624,"date":"2023-02-05T13:20:29","date_gmt":"2023-02-05T13:20:29","guid":{"rendered":"https:\/\/regtechafrica.com\/healthcare\/?p=3624"},"modified":"2023-02-05T13:20:29","modified_gmt":"2023-02-05T13:20:29","slug":"global-phlo-raises-12m-to-extend-digital-pharmacy-services-across-uk","status":"publish","type":"post","link":"https:\/\/regtechafrica.com\/healthcare\/global-phlo-raises-12m-to-extend-digital-pharmacy-services-across-uk\/","title":{"rendered":"Global: Phlo Raises $12M to Extend Digital Pharmacy Services Across UK"},"content":{"rendered":"

Scotland-based digital pharmacy Phlo<\/a> has reportedly raised 10 million pounds (about $12 million) in Series A funding.<\/p>\n

The digital pharmacy<\/a> will use the new capital to expand the reach of both Phlo Digital Pharmacy, which offers patients same-day delivery of medications in two British cities, and Phlo Connect, which provides healthcare providers with a digital infrastructure platform, Tech Funding News reported Friday (Feb. 3).<\/p>\n

\u201cThis round of investment is particularly crucial in helping us scale our offering and realizing our vision of establishing Phlo as the market leader in the delivery of next-generation digital pharmacy services right across the U.K.,\u201d Phlo founder and CEO Nadeem Sarwar<\/a> said in the report. \u201cWe have a very busy roadmap ahead and some incredibly exciting opportunities to take advantage of in 2023 and beyond.\u201d<\/p>\n

Research has found that pharmacies and convenience stores are focused on engagement as they invest in payment innovations.<\/p>\n

An influx of independent, mobile-only online competitors is driving up competition in the space, according to \u201cThe Instant Payments Transformation Guide: Grocery, Pharmacy and Convenience Retailers,\u201d a PYMNTS and ACI Worldwide<\/a> collaboration.<\/p>\n

In response, convenience stores and pharmacies are driving engagement through features that reward consumers for shopping and remove friction from transactions, the report said.<\/p>\n

Among the changes they\u2019re making is the planned adoption of real-time payments, which makes checkout and refunds faster for consumers, more closely mimics the online experience and increases liquidity for merchants, per the report.<\/p>\n

Phlo Digital Pharmacy currently provides same-day delivery of National Health Service (NHS) and private prescriptions in Birmingham and London and plans to launch the service in Manchester this year, according to the press release.<\/p>\n

The firm\u2019s other offering, Phlo Connect, is a digital pharmacy service used by HealthTech companies and private healthcare providers, the release said.<\/p>\n

The funding round was led by Thairm Bio, which invests in life science entrepreneurs and disruptive companies, and included Scottish Enterprise<\/a>, per the release.<\/p>\n","protected":false},"excerpt":{"rendered":"

Scotland-based digital pharmacy Phlo has reportedly raised 10 million pounds (about $12 million) in Series A funding. The digital pharmacy will use the new capital to expand the reach of…<\/p>\n","protected":false},"author":1,"featured_media":3625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[73,80],"tags":[],"class_list":["post-3624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/regtechafrica.com\/healthcare\/wp-content\/uploads\/2023\/02\/7308FD9B-503C-49E5-8E77-F431B4A3D3AF.jpeg?fit=764%2C401&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/3624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/comments?post=3624"}],"version-history":[{"count":1,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/3624\/revisions"}],"predecessor-version":[{"id":3626,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/posts\/3624\/revisions\/3626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/media\/3625"}],"wp:attachment":[{"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/media?parent=3624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/categories?post=3624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/regtechafrica.com\/healthcare\/wp-json\/wp\/v2\/tags?post=3624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}