Wellpay, a San Mateo, CA-based provider of a platform to manage medical bills, raised $3.8m in funding.
Backers included 8vc, Mubadala Capital-Ventures, Montage Ventures, TTCER, and Advisors.fund.
The company intends to use the funds to launch its service earlier than originally planned in order to support increased demand from both patients and providers across America.
Led by Mohammad Gaber, CEO and co-founder, Wellpay provides a financial technology platform, powered by machine learning, which enables patients to securely pay medical bills and upload medical bills they wish to pay over time. Wellpay then negotiates, facilitates disputes, or provides a zero-interest, zero-fees plan. All payment plans, bill management, and communication is handled via the platform. For medical providers – including urgent care centers, dentists, primary care physicians, OB-GYN, psychiatrists, chiropractors and more – Wellpay eliminates the burden of patient payment efforts.