A civil engineer with over 7 years of experience in the United States, he also stands out as an entrepreneur. He develops financial solutions aimed at improving access to and the quality of healthcare in Africa.
Loubao Kraka is an Ivorian tech entrepreneur and the founder of EnvoyX, a startup providing insurance and payment services for healthcare providers in Africa.
Founded in 2023, EnvoyX specializes in payment processing for the healthcare sector. Leveraging artificial intelligence (AI), the company simplifies and accelerates the settlement of medical bills. It also facilitates reimbursement claims to insurers, enabling healthcare providers to receive payments for their services more quickly.
EnvoyX also stands out for its fraud detection capabilities. By identifying suspicious patterns and anomalies in claims, it helps reduce fraudulent activities, protect revenue streams, and strengthen the financial security of healthcare stakeholders.
Before founding EnvoyX, Loubao Kraka had already built a notable entrepreneurial career. In 2019, he co-founded Innovative Apollo Media, a U.S.-based company dedicated to supporting Black-owned businesses and young entrepreneurs in achieving their goals.
In 2020, he launched RaiseMeFunds, a crowdfunding platform for Africans. This initiative allows users to raise funds for significant events such as celebrations or graduations, as well as to cope with challenging situations like natural disasters or illnesses.
The Ivorian entrepreneur graduated from Harris-Stowe State University in the United States, where he earned a bachelor’s degree in mathematics in 2017. He also holds a bachelor’s degree in civil engineering, obtained in 2021 from Washington University in St. Louis.
His professional career began in 2017 at ABNA Corporation, a U.S.-based civil engineering firm, where he worked as a civil engineer. In 2018, he joined the Missouri Department of Transportation as a transportation engineering intern, serving as an ambassador for MassChallenge, an organization supporting start-ups and entrepreneurs. Between 2021 and 2023, he worked as a product manager at VISA, the multinational specializing in digital payments.
Melchior Koba
