PayZen

PayZen, founded in 2019, is a U.S.-based fintech innovator that operates at the intersection of Financial Services, Fintech, Health Care, and Payments. The company's mission is communicated through its slogan: "Unlocking incremental revenue & cash flow for providers, while delivering a high-quality, empathetic patient experience."

Leveraging advanced, AI-powered technology, PayZen offers embedded patient financing solutions that not only improve patient affordability and satisfaction but also significantly boost healthcare providers' revenue. The platform excels by automatically enrolling patients needing flexible payment terms into customizable, interest-free plans for up to 60 months, aligning with their ability to pay.

By pre-funding providers without recourse, PayZen effectively eliminates bad debt and accelerates cash flow. This allows healthcare providers to experience a reduction in accounts receivable days to zero and an increase in patient payment rates.

In November 2022, PayZen raised a $20.00M Series B round from noted investors including 7Wire Ventures, Link Ventures, Lorimer Ventures, SignalFire, and Picus Capital. This investment positions the company to expand its vision of a comprehensive, data-driven platform aimed at holistically addressing patient affordability, translating into enhanced revenue streams for healthcare providers.