- Raised $200M funding round led by Viola Credit, Aug 2024
- Raised $32M funding round led by New Enterprise Associates, Oct 2023
- Raised $20M funding round, Nov 2022
About
PayZen is a startup at the intersection of FinTech, payments, and HealthTech. The company has developed a platform designed to tackle the healthcare industrys massive cash flow problem by shifting payment responsibility for health services to patients. PayZens platform enables hospitals to get paid for treatment upfront. Patients enrolling in the PayZen program are offered zero-interest payment plans. With 100% of patients approved, hospitals can get paid immediately, and patients enjoy a fee-free charge and flexible payment plan that can be scheduled according to their particular needs. The platform applies an embedded finance approach to healthcare in order to determine each patients unique ability to pay. Using PayZen, hospitals can increase collections by 50% while reducing the significant expense required to collect on outstanding invoices. PayZen easily integrates into a hospitals revenue cycle systems and processes and is easy to use by patients and providers alike. PayZen believes that patients should be able to pay their out-of-pocket medical bills with convenience and transparency and that providers should receive greater and faster cash flow.
Funding history · 5 rounds · $72.0M total
Q&A
- What is PayZen's primary business?
- PayZen is a startup operating at the intersection of FinTech, payments, and HealthTech. The company provides a platform that offers zero-interest payment plans for patient medical expenses, enabling hospitals to receive upfront payments.
- When was PayZen founded?
- PayZen was founded in August 2019.
- How many employees does PayZen currently have?
- PayZen has 116 employees, falling within the 51-200 employee bucket.
- What was PayZen's most recent funding round?
- In August 2024, PayZen secured a funding round of $200,000,000, led by Viola Credit.
- Who were the lead investors in PayZen's October 2023 funding round?
- In October 2023, PayZen raised $32,000,000 in a funding round led by New Enterprise Associates.
- What is PayZen's total amount raised to date?
- PayZen has raised a total of $72,000,000 USD across all funding rounds.
- Where is PayZen's headquarters located?
- PayZen's headquarters is located in Ramat Gan, Israel.
- Who are the co-founders of PayZen?
- The co-founders of PayZen are Itzik Cohen (President & CEO), Ariel Rosenthal (CTO), and Tobias Mezger (COO & CFO).
Team · 3
Sectors & technology
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | payzen.com/ |
|---|---|
| linkedin.com/company/26541365 | |
| facebook.com/PayZen-105833744121330 |
Identifiers & details
| Founded | 2019-8 |
|---|---|
| Employees (exact) | 116 |
| Offices | San Francisco |
Radar intelligence
Open jobs — ashby
| Total open | 6 |
|---|---|
| Remote | 1 |
| Title | Location | Department |
|---|---|---|
| Strategic Account Executive - Northeast | ||
| Strategic Account Executive - West | ||
| Strategic Account Executive - South | ||
| Senior Strategic Finance Manager | ||
| Sales Development Representative | ||
| Strategic Account Executive - Central |
Web history (Wayback)
| Domain | payzen.com |
|---|
Certificate / subdomain footprint
| Subdomains | 170 |
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