Company Overview
Snapshot
Founded in August 2019 by Itzik Cohen, Ariel Rosenthal, and Tobias Mezger, PayZen operates with 51–200 employees. The company has raised $72 million across 5 funding rounds from 10 investors. In October 2023, PayZen secured a B Round of funding led by New Enterprise Associates.
Business overview
PayZen is a FinTech and HealthTech company that addresses healthcare industry cash flow challenges by shifting payment responsibility to patients through its platform. The company's core technology enables hospitals to receive upfront payments for treatments while offering patients zero-interest payment plans. Utilizing an embedded finance approach and AI, PayZen determines each patient's ability to pay, aiming to increase hospital collections and reduce outstanding invoice collection expenses. The platform integrates with hospital revenue cycle systems and serves patients and healthcare providers.
Strategic signal
In August 2024, PayZen secured debt financing from Viola Credit, indicating a strategic move to bolster its financial capacity and support continued market expansion. This signals to investors a strong focus on scaling operations and enhancing healthcare affordability solutions through AI-powered technology, demonstrating confidence in its growth trajectory and ability to attract significant capital beyond traditional equity rounds.
Log in to access full profile ›Company Intelligence Q&A
- Which investors participated in PayZen's B Round in October 2023?
- In October 2023, PayZen received B Round funding led by New Enterprise Associates, with participation from.
- When did PayZen raise its Series A funding?
- In November 2021, PayZen secured $15 million in Series A funding led by SignalFire.
- Who are the founders of PayZen?
- PayZen was founded by Itzik Cohen, Ariel Rosenthal, and Tobias Mezger.
- What was the nature of PayZen's initial funding round?
- In February 2021, PayZen secured $5 million in Seed funding led by Viola Ventures.