PayZen lands $32m equity investment and $200m credit warehouse in Series B round

PayZen, a US-based healthcare fintech, has raised $32 million in equity and secured a $200 million credit warehouse in an oversubscribed Series B funding round, led by New Enterprise Associates. This follows a successful $220 million growth round in 2022. With a remarkable 6x year-over-year growth and a focus on affordable medical payment solutions, PayZen aims to expand its AI-driven offerings, enhancing financial accessibility for patients. Founded in 2019, the platform uses advanced technology to create personalized payment plans, easing the financial burden of healthcare costs. CEO Itzik Cohen views this funding as pivotal for removing financial barriers to care. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures » FinTech Futures