PayGround secures USD 4 million to simplify healthcare payments

The funding is expected to help PayGround allow patients to safely make payments to all of their providers across one simple user interface and workflow

Arizona-based healthcare FinTech startup- PayGround has reportedly announced concluding its seeding round post generating funds of USD 4 million in a bid to bolster its position of simplifying the way patients pay their healthcare bills.

The funding would allow PayGround to make use of the funds to execute on its technology roadmap, while continuing to expand its brand with an aggressive sales and marketing plan. In line with the fundraising, the company is also expanding its Board of Directors with representative of the investors and industry professional, Dan Johnson, a healthcare IT leader who has previously served as a President at Experian Health.

As per official source, the funding round was led by Triventures, a venture capital firm investing in data driven health startups and companies that are seeking to reshape the industry by developing and bringing out the best of tech and health solutions.

While commenting on its association with PayGround, Netalie Nadivi, a General Partner at Triventures, revealed that PayGround stands to be a great addition to the Triventures current portfolio of digital health companies that are addressing some of the industry’s crucial challenges. She added that the company is excited to lead the seeding round and looking forward to observing PayGround continue to work on its mission.

Commenting on the funding raised, Drew Mercer, CEO, PayGround, quoted that the company has elated to have achieved the latest funding round. He added that through this move, the firm can now accelerate its go-to-market plan and scale value across providers and patients alike.

It would be essential to note that SixThirty, a company which seeks to invest in early-stage fintech and insurtech technology companies, also participated in the seeding round of PayGround.

Source Credit: https://www.prnewswire.com/news-releases/healthcare-fintech-start-up-payground-raises-4m-to-simplify-healthcare-payments-301237997.html