PayZen
Zero-interest Payment Plan for Patient Medical Expenses
Startup B Fintech & Insurtech Est. 2019
Total Raised
$72M
B
Last Round
$200M
5 rounds
Investors
10
10 public
Team
3
51-200 employees
Confidence
91/100
News
4
articles
About
PayZen is a startup at the intersection of FinTech, payments, and HealthTech. The company has developed a platform designed to tackle the healthcare industrys massive cash flow problem by shifting payment responsibility for health services to patients. PayZens platform enables hospitals to get paid for treatment upfront. Patients enrolling in the PayZen program are offered zero-interest payment plans. With 100% of patients approved, hospitals can get paid immediately, and patients enjoy a fee-free charge and flexible payment plan that can be scheduled according to their particular needs. The platform applies an embedded finance approach to healthcare in order to determine each patients unique ability to pay. Using PayZen, hospitals can increase collections by 50% while reducing the significant expense required to collect on outstanding invoices. PayZen easily integrates into a hospitals revenue cycle systems and processes and is easy to use by patients and providers alike. PayZen believes that patients should be able to pay their out-of-pocket medical bills with convenience and transparency and that providers should receive greater and faster cash flow.
Classification
Sector
Fintech & InsurtechLending & FinancingMoney Transfer & ManagementHealth Tech & Life SciencesDigital HealthcarePatient EngagementClinical Workflow
Core Technology
Data StorageCDNPlatforms & Interfaces
Target Customer
Healthcare & Life SciencesHealthcarePatientsInsurance CompaniesProviders
Business Model
B2B
Tags
digital-healthcareclinical-workflowpaymentsfintechartificial-intelligencepatientsenterprise-solutionshealthcare-providershospitals
Funding & Events
Oct 2023
B Round $32M
New Enterprise Associates (Lead), Viola Ventures, SignalFire, 7wire Ventures
Nov 2022
B Round $20M
Viola Ventures, Viola Credit, 7wire Ventures
Nov 2021
A Round $15M
SignalFire (Lead), Picus Capital, Viola Ventures, 7wire Ventures, Link Ventures
Feb 2021
Seed $5M
Viola Ventures (Lead), Bloodhound Partners, Colchis Capital, TWO39 Ventures, Picus Capital
Aug 2024
Debt Financing $200M
Viola Credit (Lead)
News (4)
Aug 12, 2024 · www.prnewswire.com
Growth-Positive
PayZen Closes $232M B Round In Equity and Debt Led By NEA To Boost Healthcare Affordability with AI
InvestmentExpand
Nov 22, 2022 · www.businesswire.com
PayZen Raises $220 Million Growth Round for Personalized Healthcare Affordability
Nov 17, 2021 · techcrunch.com
growth-positive
PayZen secures $15M Series A for 'care now, pay later' healthcare platform
InvestmentExpand
Feb 11, 2021 · www.calcalistech.com
Growth-Positive
PayZen emerges from stealth with $5 million investment to provide affordable payment plans
InvestmentPartners
Details
Product Stage
Released
Employees
51-200
Exact Count
116
District
Center District
Founded
2019
Registrar
516384682
Crunchbase
payzen-6da3
Locations
Abba Hillel Silver Rd 16, Ramat Gan, 5250608, Israel
600 California Street, San Francisco, CA, USA
Links
Website
LinkedIn
Twitter
Facebook
Careers
Admin
Last Update
Mar 30, 2025
Verified by
Jenny Sotnik-Talisman
Missing
markets, not claimed
Team (3)
Itzik Cohen
Co-founder, President & CEO
Founder
Ariel Rosenthal
Co-founder & CTO
Founder
Tobias Mezger
Co-founder, COO & CFO
Founder
Internal
Created by
Jenny Sotnik-Talisman (genys30@yahoo.com)
Created
2019-09-01T00:00:00.000Z
Last editor
Jenny Sotnik-Talisman (jenny.sotnik@sncentral.org)