Lynx, a Boston, MA-based API-connected healthcare payments, banking, and e-commerce platform, emerged from stealth with $17.5m in equity financing.
The $17.5m in equity consists of a new $15m Series A and a previously unannounced $2.5m seed round. Obvious Ventures and .406 Ventures led the Series A, with participation from Frist Cressey Ventures. Other investors include Winter Street Ventures (an investment subsidiary of Commonwealth Care Alliance), Shields Capital, and Huntington Avenue Ventures.
Co-founded by Matt Renfro (CEO) and Ken Abel (CIO), Lynx provides a platform that enables any enterprise that touches healthcare payments, including health plans, health systems, payroll providers, benefit administrators, and digital health companies, to embed customizable and integrated health-fintech solutions that improve affordability, drive health engagement, and enhance financial security for end customers and patients.
The Lynx platform offers real-time processing and data analytics, top-notch security and regulatory infrastructure, and highly attentive customer support. In addition, Lynx’s expert team works closely with clients to determine their needs and designs customized solutions for their customer bases.
FinSMEs
03/03/2022