PayZen-Bringing "Buy Now, Pay Later" to Healthcare
The Driver: PayZen, a healthcare fintech startup, raised $220 million in a debt and equity financing just one year after raising $15 million in series A funding. PayZen will receive $200 million in a credit facility and $20 million in equity. PayZen brands itself as a get care now, pay later service that enables patients to pay their out-of-pocket medical bills over time with convenience and transparency. This round's $20 million equity constituent was made in part by 7wire V