Medical fintech startup PayZen raised $15 million in a Series A round to expand its “care now, pay later” model for hospitals and patients in the United States, CrunchBase reports.
The round was led by SignalFire and included participation from Link Ventures and 7Wire Ventures alongside previous investors Viola Ventures and Picus Capital. The funding brings the startup’s total investments to $20 million since it was founded in late 2019.
The San Francisco-based fintech company sells an AI-backed technology that hospitals, health systems and other large physician groups can use to figure out patients’ ability to pay for their care, whether that be regular visits for a chronic illness, an elective procedure or a much-needed surgery. If money is a problem, the medical provider can have PayZen bridge the gap between its billing department and the patient to set up an interest-free payment plan. Read more.
