Walnut is a fintech–healthtech company that offers point-of-sale lending for medical expenses, allowing patients to repay healthcare bills in increments such as $100 per month over 30 months with no interest or fees. The platform integrates directly with healthcare providers and venture-backed digital health startups so bills can be presented to patients at checkout. Walnut relies on cash-flow underwriting—connecting to a user’s bank account to assess income and spending—rather than traditional credit scores, which the company says improves accessibility and keeps default rates comparable to mature lenders. The business reports 50% month-over-month revenue growth for the past six months and now serves “thousands” of patients. Behavioral health has emerged as the most popular use case on the platform. To meet rising demand, the team plans to expand nationwide and grow headcount from 15 to 50 by year-end. Founders Roshan Patel and Yash Joshi position Walnut as a non-cyclical BNPL solution, arguing that essential healthcare spending is resilient even during downturns.

Total raised

$110M

Funding rounds

2

Latest round

Debt Financing

Latest activity

May 2022