Abstract
The Nigeria’s health sector remains underfunded despite its importance to national development. Health-tech startups have emerged to address systemic challenges, yet access to financing remains a major barrier to their growth and sustainability. This study examines the impact of entrepreneurial finance on the development of health-tech startups in Nigeria, using Chekkit Technologies as a case study. Specifically, the study aims to identify the financing challenges faced by Chekkit, examine the sources of entrepreneurial finance it accessed, and evaluate the milestone trajectory achieved after obtaining funding. A mixed-methods research design was adopted. Quantitative data were collected from 42 stakeholders associated with Chekkit and analyzed using descriptive statistics and regression analysis, while qualitative insights were obtained through an in-depth interview with the founder and supported by secondary industry reports. Findings show that early financing from founders, family, and friends played a foundational role, while later angel and private equity investments significantly supported product development and revenue growth. The study recommends low-interest and collateral-free funding schemes for startups.