FinPay provides a technology-enabled, fully managed patient engagement and financial management platform built on proprietary patient analytics. The platform aims to improve patient education and engagement while maximizing patient satisfaction and capturing patient financial responsibility. The company serves providers in behavioral health and acute care markets and highlights a combination of technology and managed services. FinPay plans to use new capital to expand its patient engagement and financial management solution and accelerate product and technology innovation. The business has experienced rapid growth, reporting revenue growth of more than 360% over the last two years and an accelerating number of clients and patients supported. Leadership emphasizes the company’s proprietary analytics and data-driven approach as the foundation for continued scaling and value creation for providers and patients. FinPay Holdings, Inc. is a Ling of Prussia, PA-based patient financial management company led by president and CEO Tim Kowalski. It provides a patient financial management solution focused on improving patient education, financial literacy and affordable access to care. The platform also offers analytic insights to manage financial risk and maximize receipt of patient financial responsibility for healthcare providers. FinSMEs reported that the company closed a $5m Series C financing round. The round was led by Montreux Growth Partners. The company intends to use the funds to accelerate growth and advance product and technology innovation. FinPay is a King of Prussia, Pennsylvania-based provider of financial services for patients. The company raised a $1.9 million seed round, with the Baker family (owners of Edgewater, N.J.-based Riverside Medical Group) leading the investment. CEO Chris Wolfington said fundraising isn’t finished and another $1 million is scheduled to close on Nov. 11. The company plans to use the proceeds to expand operations in response to an uptick in demand for its patient financial services. The Baker family initially approached FinPay as customers before deciding to invest.

Total raised

$22M

Funding rounds

3

Latest round

Equity

Latest activity

Mar 2022