About AxiaMed
AxiaMed is a company based in Santa Barbara (United States) founded in 2012 by Randal Clark was acquired by Bank of America in April 2021.. AxiaMed has raised $15.75 million across 2 funding rounds from investors including Bank of America, Health Enterprise Partners and Nashville Capital Network. AxiaMed offers products and services including CashPro, Healthcare Payment Solutions, and Merchant Services. AxiaMed operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, PayU and Square, among others.
- Headquarter Santa Barbara, United States
- Founders Randal Clark
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Sectors
HealthcareFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Axia Technologies Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.75 M (USD)
in 2 rounds
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Latest Funding Round
$12.4 M (USD), Series A
Aug 15, 2018
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Investors
Bank of America
& 2 more
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Employee Count
Employee Count
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Acquired by
Bank of America
(Apr 02, 2021)
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Products & Services of AxiaMed
AxiaMed offers a comprehensive portfolio of products and services, including CashPro, Healthcare Payment Solutions, and Merchant Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing treasury and payments securely for businesses.
System for streamlined healthcare payments and device management.
Services for handling transactions and enhancing business operations.
Funding Insights of AxiaMed
AxiaMed has successfully raised a total of $15.75M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12.4 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $12.4M
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First Round
First Round
(19 Jul 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series A - AxiaMed | Valuation | Health Enterprise Partners | |
| Jul, 2017 | Amount | Series A - AxiaMed | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AxiaMed
AxiaMed has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Bank of America, Health Enterprise Partners and Nashville Capital Network. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are focused on healthcare and information technology sectors.
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Founded Year | Domain | Location | |
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Investments are facilitated for US-based companies by angel network members.
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Founded Year | Domain | Location | |
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Commercial banking and asset management services are offered worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AxiaMed
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AxiaMed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Axiamed Comparisons
Competitors of AxiaMed
AxiaMed operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, PayPal, Flutterwave, PayU and Square, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Axiamed
Frequently Asked Questions about AxiaMed
When was AxiaMed founded?
AxiaMed was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is AxiaMed located?
AxiaMed is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.
Who is the current CEO of AxiaMed?
Randal Clark is the current CEO of AxiaMed. They have also founded this company.
Is AxiaMed a funded company?
AxiaMed is a funded company, having raised a total of $15.75M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.35M, raised on Jul 19, 2017.
What does AxiaMed do?
AxiaMed offers an API-linked patient payment gateway for hospitals and health systems to accept creditdebit card, HSAFSA cards, ACH, check guarantee, Apple Pay, NFC, and EMV chip payments. Features of the gateway include API-integration, tokenized card details storage, fraud protection and reporting tools. Also offers a cloud-based software called Corral that helps healthcare providers to simplify payments management. PCI DSS and HIPAA compliant.
Who are the top competitors of AxiaMed?
AxiaMed's top competitors include Stripe, PayU and Flutterwave.
What products or services does AxiaMed offer?
AxiaMed offers CashPro, Healthcare Payment Solutions, and Merchant Services.
Who are AxiaMed's investors?
AxiaMed has 3 investors. Key investors include Bank of America, Health Enterprise Partners, and Nashville Capital Network.
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