PayZen

Fintech, Healthcare, Patient
Artificial Intelligence

Business Overview

PayZen is a new and exciting venture at the intersection of FinTech, payments, and HealthTech.

We are tackling the massive problem in the healthcare industry of shifting payment responsibility for health services to patients. More than 40% of the US population are on high deductible health plans, yet most people can’t afford a $400 emergency expense.

This has caused a collection crisis resulting in major cashflow issues for hospitals and a very poor patient experience.

We’re headquartered in San Francisco and have built a technology and data platform that can increase hospital revenue by 50%.

Our vision is: patients should be able to pay their out-of-pocket medical bills with convenience and transparency and providers should receive more and faster cash flow.

Operating Status
Active
Founded
August 2019
Employees
4
Offering type
Software
Funding stage
Seed
Total funding
$5 Million
Sectors
Fintech, Healthcare, Patient, Payments

Founders

PayZen
Itzik Cohen
CEO
Serial Entrepreneur
PayZen
Tobias Mezger
COO and CFO
PayZen
Ariel Rosenthal
CTO
Serial Entrepreneur

Board Members and Advisors

PayZen
Kevin Roberts
Board Member
PayZen
Omry Ben David
Board Member
PayZen
Mayo Clinic Innovation Exchange
Board Member
PayZen
Arnold Pravinata
Advisor
PayZen
Chris Wyatt
Advisor
PayZen
Lou Hochheiser, MD
Advisor
PayZen
Mark Fontenot
Advisor
PayZen
Oron Afek
Advisor
PayZen
Prashant Karamchandani
Advisor

Funding Rounds

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

February 2021
Seed
$5 M

AI Technology Stack

AI Description

We use data and AI to create individualized, patient payment plans that families can afford.

AI types
Artificial Intelligence

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Startup Snapshot

Total funding
$5 Million
Operating Status
Active
Founded
August 2019
Funding stage
Seed

CONTACT

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