# PayZen: Information technology & services, San Francisco, United States

> PayZen: PayZen is a healthcare fintech company founded in 2019 and based in San Francisco, California. Based in San Francisco, United States. Founded 2019.

Source: https://millionrounds.com/startup/payzen (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# PayZen

PayZen is a healthcare fintech company founded in 2019 and based in San Francisco, California.

Funding reported Last round: Debt financing

Information technology & services San Francisco, United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 120 51 to 200 people
- **Funding reported:** $472M in dollars
- **Last round:** Debt financing Aug 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for PayZen has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About PayZen

PayZen is a healthcare fintech company founded in 2019 and based in San Francisco, California.

The company focuses on improving healthcare affordability and patient payment responsibility in the United States. PayZen is recognized as a leading innovator in patient financing, offering an AI-powered Patient Affordability Platform that provides personalized, interest-free payment plans for patients. This platform utilizes over 30,000 data points to assess each patient's ability to pay, ensuring that all patients are approved for financing. The company also offers a non-recourse financing solution to healthcare providers, allowing them to receive immediate payment for medical bills while transferring the risk of patient non-payment to PayZen. This approach helps healthcare providers improve their collection rates and cash flow. Additionally, PayZen automates various aspects of the revenue cycle, integrating seamlessly with existing systems to reduce administrative burdens. With a mission to make care accessible and affordable, PayZen is committed to addressing the financial challenges faced by both patients and healthcare providers.

## What company datasets say PayZen raised

Funding, as reported

Reported in all **$472M** in dollars

Rounds **7**

Last round **Debt financing**

Last round size **$200M**

Last round date **Aug 2024**

Investors listed **11**

SEC Form D **$44M sold, 2 filings, last Sept 2024**

## Founders and team

From PayZen's own website: 2 founders, 2 on the team.

**Itzik Cohen** Co-Founder and Chief Executive Officer

**Tobias Mezger** Co-Founder and Chief Revenue Officer

- **Brandon Pace** Chief Legal Officer
- **Sanjeev Kapur** Chief Operating Officer

## On 4 portfolio pages

Investors who name them

- [SignalFire](https://millionrounds.com/fund/signalfire)
- [Link Ventures](https://millionrounds.com/fund/link-ventures)
- [Next Play Ventures](https://millionrounds.com/fund/next-play-ventures)
- [Haymaker Ventures](https://millionrounds.com/fund/haymaker-ventures)

Each firm lists PayZen on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

health care healthcare fintech emr/ehr integration information technology & services financial services medical debt reduction finance ai underwriting medical debt management medical billing solutions hospital & health care pre-service payment solutions personalized payment options payment plans healthcare payment automation workflow automation

Built with from their website

Docker Google Tag Manager WordPress.org Atlassian Google Cloud Font Awesome Apache YouTube Google Workspace Max Mega Menu

+8 more

Viewport Meta Hubspot Babel ZoomInfo Sales Azure Linux Virtual Machines OpenAI Apple Business Manager XGBoost

- **Sector:** Information technology & services
- **Industry code:** NAICS 54151, 522291, 513210, SIC 7375, 6141, 7372
- **Region:** California
- **Revenue:** $16M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/payzen)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

## Is this your company?

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