SwervePay, LLC, a Chicago, IL-based patient-centric payment solution in healthcare, completed a $10m Series B funding round.
The round was led by Garland Capital Group.
The company intends to use the funds for growth and expansion, enhancement of its channel partner network and recruitment of new people.
Led by Jaeme Adams, co-founder and CEO, SwervePay provides patients with a portal-free platform to pay their bills via text message. With a secure integration engine, as well as back-end electronic health record automation, the company enables healthcare providers to collect patient balances – before, during and after care.
In addition to Garland Capital Group, investors in SwervePay include Chris Capps and Dick Kiphart of KGC Capital; Greg Wasson, former president and CEO of Walgreens Boots Alliance; Jim Sohr, founder and former CEO of AIM Healthcare Services; Mandell Ventures, LLC; Ned Jannotta, Jr., former partner of GTCR; and Ric Elias of Red Ventures.