Nitra, a New York-based fintech company, raised $62M in Equity and Debt funding.
The round was led by Andreessen Horowitz, NEA, Pantera, KB Financial Group, Jerry Yang, Will Smith’s Dreamers VC, CoVenture, Primer Sazze Partners, SparkLabs Taipei & Global, Dunamu, Expa, Soma Capital, Slope Capital, K50 Ventures, 8090 Partners, Comma Capital, Gaingels, and Gold House Ventures. Tim Hwang, Chairman and CEO of legaltech company FiscalNote – which he co-founded with Chen – will serve as the Chair of Nitra’s Board of Directors while continuing his role at FiscalNote.
The company intends to use the funds to scale the team, accelerate growth, and launch new products.
Led by CEO Jonathan Chen, Nitra aims to bring modern financial products, integrated medical software, and supply chain solutions to practitioners and physicians in the healthcare industry. With the raise, the company is launching its first product, a Visa Business card customized for the healthcare industry that allows physicians to earn unlimited rewards on common practice expenditures – medical and surgical supplies, office and business spend, and dining. The card comes at no annual fee and is underpinned by spend management, business analytics, and reconciliation software.
Nitra has also partnered with a large network of suppliers and vendors in the healthcare industry like Jaanuu, PatientPop, Betty Mills, DirectShifts, Vitality Medical, OhMD, LendingUSA, and others to bring a network of supporting partners across the country and deliver seamless transaction experiences on its platform.
The company is headquartered in New York with a presence in San Francisco. Advisors include Sam Wen, the cofounder of Square, former Governor of Maryland Martin O’Malley, Dr. Richard Park, the founder of CityMD, Ryan Howard, the founder of EHR software company PracticeFusion, Raymond Stern, former Chief Marketing Officer of Intuit/TurboTax, and Dr. Lester Zuckerman, Founder of the National Spine & Pain Centers.
FinSMEs
24/08/2022