Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

PayZen Raises Funds for Healthcare Solutions

August 13, 2024
Reading Time: 2 mins read
in News

PayZen, a startup specializing in AI-powered patient financing solutions, has raised an oversubscribed Series B funding round of $32 million, led by NEA. In addition to the equity round, the company secured a new $200 million credit warehouse from Viola Credit and various insurance companies, enabling PayZen to accelerate its growth and market expansion. With its innovative “”buy now, pay later”” model, PayZen aims to alleviate the financial burden of healthcare costs for patients, offering interest-free and fee-free installment plans.

Founded in late 2019, PayZen addresses the significant issue of medical debt in the U.S., which totals at least $220 billion. Co-founder Itzik Cohen noted the urgent need for more flexible payment options as out-of-pocket expenses continue to rise for patients. The company has successfully partnered with about 60 health systems and physician groups, helping them improve patient collections significantly, ranging from 23% to 35%.

The startup uses proprietary AI and machine learning models to streamline the patient payment process by integrating with providers’ electronic health records systems. This approach not only simplifies billing but also assists patients in accessing the care they need without the fear of insurmountable debt. Additionally, PayZen offers the PayZen Care Card, a product designed for longer-term care cycles, which has quickly become a significant revenue source for the company.

Looking ahead, PayZen plans to utilize the Series B funding to continue developing its product offerings and address broader financial barriers in healthcare. With consistent sixfold year-over-year growth and impressive customer retention rates, the company is well-positioned to lead innovations in healthcare affordability and financial solutions, ultimately improving access to care for millions of patients.

 

Reference:

  • Healthcare fintech startup PayZen nabs $32M series B, $200M debt facility to fuel market expansion

Tags: August 2024Cyber NewsCyber News 2024Cyber threatsCybercrimeCybersecurityFundingHealthcarePayZen
ADVERTISEMENT

Related Posts

Spain Busts $11.8M Investment Fraud Ring

Spain Busts $11.8M Investment Fraud Ring

July 4, 2025
Ransomware Gang Hunters International Folds

Ransomware Gang Hunters International Folds

July 4, 2025
Interpol Warns of New West Africa Scam Hub

Interpol Warns of New West Africa Scam Hub

July 4, 2025
Spanish Police Arrest High Profile Hackers

Jury Hits Google Over Android Data Use

July 3, 2025
Spanish Police Arrest High Profile Hackers

Germany and Israel Plan Cyber Partnership

July 3, 2025
Spanish Police Arrest High Profile Hackers

Spanish Police Arrest High Profile Hackers

July 3, 2025

Latest Alerts

Google Removes 352 ‘IconAds’ Fraud Apps

Malicious Firefox Add Ons Steal Crypto Keys

Browser Cache Attack Bypasses Web Security

PDFs Deliver QR Codes in Callback Scams

Critical Sudo Flaws Expose Linux Systems

Unkillable Mac Malware From North Korea

Subscribe to our newsletter

    Latest Incidents

    Tech Incubator IdeaLab Discloses Data Breach

    Brazil’s CIEE One Exposes 248,000 Records

    McLaughlin & Stern Discloses Data Breach

    Cyberattack Hits Medtech Firm Surmodics

    Rhysida Ransomware Hits German Charity WHH

    Hacker Accesses Max Financial’s User Data

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial