PayZen, a San Francisco, CA-based fintech technology company tackling healthcare affordability via AI-powered solutions, raised $232M in Series B funding.
The round was led by NEA, with participation from existing investors including 7wireVentures, SignalFire, Viola Ventures, and others.
The company intends to use the funds for growth and market expansion.
Led by CEO Itzik Cohen, PayZen is a mission-driven healthcare fintech company that aims to solve the patient payment responsibility problem with technology and a modern approach. Leveraging proprietary AI/ML models, automation, and integration into EMR/EHR systems, it simplifies the patient payment process for health systems while making it easier for millions of patients to access and afford the care they need.
Over the last 2 years, PayZen has achieved a remarkable 6x YoY growth. It also boasts 100% customer retention and 132% net retention.
FinSMEs
13/08/2024