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HomeFinTechPayZen: Raises $5M in Seed Funding

PayZen: Raises $5M in Seed Funding

  • PayZen, a San Francisco, CA-based healthcare fintech company, came out of stealth raising $5m in seed funding
  • PayZen incubated with Viola Ventures in 2019, with recent investments coming from Picus Capital, TWO39 Ventures, and others
  • The system integrates into any hospital system and makes the application seamless for both patients and hospital administrators
  • PayZen also provides a digital platform that pays hospitals upfront for patient invoices and offers patients zero-interest, fee-free payment plans
  • PayZen just signed deals with RMS, a Revenue Cycle Management vendor, and Vim, a digital health company that connects payers to providers at the point of care
  • The partnerships have allowed the company to deploy the AI-backed technology platform across a number of healthcare providers
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