Alan’s purchase of Tanel Health gives the €5.5 billion ($6.3 billion) company an immediate presence in Senegal and Côte d’Ivoire.
The Financial Times reported the acquisition and must be credited because Alan and Tanel have not publicly disclosed the purchase price or complete transaction terms.
Tanel is expected to adopt the Alan name, while chief executive Mouhamed Ndoye and co-founder Makhtar Diop will lead the combined company’s African operations.
Its corporate customers reportedly include ride-hailing company Yango and fast-food chain KFC.
Alan brings its European insurance platform to Africa
Alan was founded in France in 2016 as a digital alternative to traditional health insurers.
Its platform allows employers and workers to manage insurance, healthcare consultations, claims and preventive-health services through an application.
The company has expanded into Belgium, Spain and Canada and now covers more than one million members.
Its clients include Volkswagen Spain and the French finance ministry.
Mbappé joined Alan as an investor and ambassador in 2026. His involvement includes promoting exercise and other preventive-health activities through the company’s digital platform.
The French footballer’s father is from Cameroon, while his mother is of Algerian heritage.
However, the acquisition is an Alan corporate transaction. No available evidence indicates that Mbappé personally financed or negotiated the purchase of Tanel.
Prosus supplied most of Alan’s latest funding
The acquisition follows a major investment led by Prosus. In June, Alan raised €480 million, approximately $550 million, in a transaction that valued the company at €5.5 billion.
Prosus invested €400 million, or approximately $460 million, through a combination of new and existing shares. Teachers’ Venture Growth, Index Ventures and Dara Holdings also participated.
The terms are confirmed in Prosus’s investment announcement.
Prosus was created from the international technology investments of South Africa’s Naspers. Its portfolio includes businesses in online food delivery, financial technology, education and e-commerce.
The investment makes Alan another significant part of Prosus’s attempt to find growth outside its historic holding in Chinese technology group Tencent.
Tanel offers a faster route into West Africa
Tanel was valued at approximately $7.5 million in 2024, a fraction of Alan’s latest valuation.
The company had raised capital from investors including Nigeria-headquartered Ventures Platform and Japan’s AAIC Investment.
The acquisition provides those investors with an exit from an African healthcare startup at a time when successful technology-company sales remain relatively uncommon on the continent.
For Alan, buying an existing operator is faster than applying for licences, recruiting corporate customers and building hospital relationships from the beginning.
Tanel already understands the insurance rules, medical-provider networks and payment systems in Senegal and Côte d’Ivoire.
Its 70,000 members also provide Alan with an immediate group on which to test its technology.
Africa presents different insurance challenges
Alan reported annual recurring revenue of more than €800 million during the first quarter of 2026. The Financial Times placed the latest figure at approximately €840 million.
The company remains loss-making. Its African expansion must therefore eventually generate sufficient premiums and fees to cover medical claims, technology costs and local operations.
Alan will also face markets that differ considerably from Europe.
Private health-insurance coverage remains limited across much of Africa. Many households pay medical bills directly, while insurers contend with consumer distrust, fragmented hospital systems and limited health data.
