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Payzen Raises $220 Million Growth Round For Personalized Healthcare Affordability

PRIVATENov 22, 2022

Amount Raised

$220 Million

Round Type

Funding Round

San FranciscoInformation TechnologyHealth CareFintech

Investors

Picus CapitalLink Ventures7wire Ventures

Description

PayZen, the fintech company tackling healthcare affordability with personalized, no-cost patient financing solutions, has raised a $220 million growth round to strengthen its leadership position as it pioneers the new category of Affordability Financing. The round is composed of $20 million in equity financing and a $200 million credit facility. The oversubscribed equity component was led by 7wireVentures, while Viola Credit provided a $200 million warehouse credit facility to support continued market expansion. This latest investment round reflects the significant and rapidly accelerating industry demand for PayZen’s affordability financing platform since it was introduced last year.

Quick answer

PayZen raised $220 Million in a Funding Round round, dated November 22, 2022. Investors: Picus Capital, Link Ventures and 7wire Ventures. PayZen is based in San Francisco, California, United States.

How much did PayZen raise?
PayZen raised $220 Million in a Funding Round round on November 22, 2022.
Who invested in PayZen?
Picus Capital, Link Ventures and 7wire Ventures are named as investors in this round.
What does PayZen do?
PayZen is a mission-driven healthcare fintech company that aims to tackle the growing patient payment responsibility problem with superior technology and a modern approach.
Where is PayZen based and how big is it?
PayZen is based in San Francisco, California, United States. Fundz records about 116 employees.
Who are the decision-makers at PayZen?
Fundz holds 1 contact at PayZen. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Fintech and Health Care around the same time

Companies in the same sectors as PayZen that raised within 45 days of this round, from Fundz verified event records.

  • Streamex Corp. raised $1.1M (Seed) on December 21, 2022.
  • Streamex Corp. raised $1.5M (Seed) on November 18, 2022.
  • Amolyt Pharma raised $138M (Series C) on January 6, 2023.
  • KreditBee raised an undisclosed amount (Funding Round) on January 6, 2023.
  • Synthekine raised $100M (Series C) on January 6, 2023.
  • Unrivaled Brands raised an undisclosed amount (Funding Round) on January 6, 2023.

Who to call at PayZen, and when

A new round usually means PayZen is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at PayZen, from your own LinkedIn network

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Company Information

Company

PayZen

Location

San Francisco, California, United States

About

PayZen is a mission-driven healthcare fintech company that aims to tackle the growing patient payment responsibility problem with superior technology and a modern approach. PayZen is backed by leading equity and credit capital investors and is led by proven technology veterans with a successful track record of helping millions of Americans overcome financial struggles.

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