Aumet invests six-figure funding in spin off startup OnEx

Healthcare startup Aumet invests six-figure funding in spin off startup OnEx

Jordan-based B2B healthcare marketplace Aumet has announced the spin-off of its OnEx business into an independent startup, along with a six-figure investment. Both businesses will be able to expand independently as a result of the decision, and will be able to focus on each of their value propositions.

About Aumet & OnEx

OnEx enables medical producers all over the globe to begin exporting their goods to new markets by utilizing matching algorithms to connect them with possible distributors in each nation. Aumet is the first marketplace to offer medical items directly to healthcare professionals from SME medical producers.

Since its establishment in 2015, OnEx has connected healthcare manufacturers and distributors in the medical industry under Aumet’s umbrella. Aumet launched a new business unit called “Marketplace” in October 2020, which allows pharmacies to utilize Aumet’s end-to-end solution to place orders online, communicate with suppliers in real-time, and manage inventories. It’s going to be a crowded market.

Mohammad Issa, Aumet co-founder, stated

After the huge growth we saw from OnEx in the past year, it gave us the courage to provide OnEx the independence it needs, allowing us to unlock more potential for both businesses as a whole.

Jamal Samra, Aumet co-founder, commented

The healthcare industry has proven to be one of the largest industries worldwide, especially after the pandemic, and with the help of technologies embedded in our product, OnEx can disrupt the whole supply chain industry on a global scale in no time.

Yahya Aqel, Founder and CEO of Aumet, mentioned

Jamal and Issa joined Aumet’s endeavour in 2016,  and have come a long way since then. Their hustle and execution has allowed them to reach new heights and I am excited  to see them both become very successful entrepreneurs.