PayZen Raises $5M in Seed Funding

PayZen, a San Francisco, CA-based healthcare fintech company, came out of stealth raising $5m in seed funding.

PayZen was incubated with Viola Ventures in 2019, with recent investments coming from Picus Capital, TWO39 Ventures, and others.

Founded by Itzik Cohen and Tobias Mezger, PayZen provides a digital platform that pays hospitals upfront for patient invoices and offers patients zero-interest, fee-free payment plans. The system integrates into any hospital system and makes the application seamless for both patients and hospital administrators.

PayZen just signed deals with RMS, a Revenue Cycle Management vendor, and Vim, a digital health company that connects payers to providers at the point of care. The partnerships have allowed the company to deploy the AI-backed technology platform across a number of healthcare providers, reaching hundreds of hospital systems and thousands of patients across the country.