Finrise, a Burlingame, California-based healthcare marketplace that provides a way to finance elective healthcare services, raised $5.4m in debt and equity financing.
Backers included NFX Guild, Mayfield and WTI as well as angel investors including Sam Hodges (co-founder, Funding Circle) and Matt Humphrey (CEO, LendingHome).
The company will use the funds to accelerate the availability of its elective healthcare financing solutions in key markets across the United States.
Led by co-founder and CEO Garrett Smallwood and newly appointed Chief Risk Officer and Head of Capital Markets Richard Lewis, Finrise provides a platform to finance treatments and services that are not typically covered by insurance, including dental, audiology, and veterinary services, directly in the doctor’s office.
The company has also launched Vetary.com, which allows veterinarians in select markets to offer financing as an option directly to pet owners with no waiting for the funds to reach the borrower’s bank account or for a separate credit card processor to work through.