About Lynx
Lynx is a Financial Services company based in Wellesley (United States) founded in 2021. Fintech solutions for healthcare banking are delivered via open APIs. It operates on a API-as-a-Product and HealthTech model. Lynx has raised $44.5 million across 3 funding rounds from investors including CVS Health, Flare Capital Partners and McKesson Ventures. The company has 21 employees. Lynx offers products and services including Banking and Ledgering, Advanced Payment Processing, E-commerce, and Investments. Its focus areas include FinTech and Healthcare Payments. Its legal entity is Lynx FinHealth, Inc. Its competitors include Health Credit Services, Alphaeon Credit and Reclaimz.
Company details
Lynx is engaged in delivering modern fintech solutions tailored for the healthcare industry. The company offers a suite of APIs that enable platforms to integrate healthcare financial services, including banking, payment processing, e-commerce, and investment options. Solutions are designed to support consumer-directed health accounts, advanced payment systems with restricted spending, and e-commerce for medical products. Lynx serves sectors like Medicare, Medicaid, and commercial healthcare, aiming to simplify financial experiences while managing compliance and regulatory complexities for its partners.
- Headquarters Wellesley, United States
- Employees 21
- SectorsFinancial Services
- Website lynx-fh.com
- Social LinkedIn X
- Legal Name Lynx Finhealth, Inc.
- Total Equity Funding$44.5M (USD)
in 3 rounds
- Latest Funding Round$27M (USD), Series A
Feb 2025
- InvestorsCVS Health
& 8 more
- Employee Count21
Products & Services of Lynx
Lynx offers a comprehensive portfolio of products and services, including Banking and Ledgering, Advanced Payment Processing, E-commerce, and Investments.
Banking and ledgering systems are provided for healthcare accounts.
Payment processing with restricted spending cards is facilitated efficiently.
E-commerce solutions for healthcare products are built and supported.
Investment options for healthcare finances are offered through integration.
Funding Insights of Lynx
Lynx has successfully raised a total of $44.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $27 million completed in February 2025. 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 $44.5M
- Total Rounds 3
- Last Round Series A — $27M
- First Round $2.5M
(Mar 2022)
- Investors Count 9
All 3 funding rounds of Lynx with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2025 | $27M | Series A | – | Flare Capital Partners | |
| Mar 2022 | $2.5M | Seed | – | – | – |
| Mar 2022 | $15M | Series A | – | Obvious Ventures, .406 Ventures |
9 investors in total: 9 institutional.
Investors in Lynx
Lynx has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include CVS Health, Flare Capital Partners and McKesson Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech startups are funded by this venture capital firm. | flarecapital.com | Boston, United States | ||
Early-stage tech companies are supported through venture capital investments. | 406ventures.com | Boston, United States | ||
Healthcare sector investments are primarily managed by Frist Cressey Ventures. | fcventures.com | Nashville, United States | ||
Provider of venture capital investments across planetary, human, and economic health | obvious.com | San Francisco, United States | ||
| winterstreetventures.com | ||||
Healthcare innovation is driven through strategic partnerships by Shields. | shieldscapital.com | Boston, United States | ||
Venture capital is provided to Northeastern-affiliated innovative companies. | huntingtonavenue.vc | |||
Retail pharmacy and healthcare services are provided nationwide. | 1963 | cvshealth.com | Woonsocket, United States | |
Healthcare technology and services investments are facilitated by McKesson Ventures. | 2015 | mckessonventures.com | San Francisco, United States |
Investor details for Lynx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Lynx
27 people are tracked at Lynx (19 in leadership, 5 in board & advisors, 3 in team); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Joe Firnstahl | Chief Product Officer | Leadership |
Glen Kvadus | Chief Growth Officer | Leadership |
Patty Chouanard-McAdam | VP, Operations | Leadership |
Matt Renfro | Co-Founder & CEO | Leadership |
Ravi Pendkar | VP, Platform Development | Leadership |
Eric Brotten | VP, Compliance | Leadership |
Olufemi Ashafa | VP, Front-End Web Development | Leadership |
Jack Allard | VP, Business Operations | Leadership |
Shaylee McReynolds | Director IT Program Management | Leadership |
Ken Abel | Co-Founder & CIO | Leadership |
Alyssa DiMaio | Director of Marketing | Leadership |
Vinayak Kumar | Chief Technology Officer | Leadership |
Doug Bachelor | Chief Architect | Leadership |
Surinder Dhall | Vice President Of Software Quality | Leadership |
Dirk Anderson | Vice President Of Product Enablement | Leadership |
William Chave | Vice President Of Client Success | Leadership |
Venkee Gargy | Vice President Of Engineering | Leadership |
Matthew Paras | Chief Financial Officer | Leadership |
Blair Hagerty Leking | Vice President Marketing | Leadership |
Matt Marek | Advisor | Board & advisors |
7 more people are available in the full profile.
Complete people profiles for Lynx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Lynx
3 dated milestones of Lynx across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Lynx is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series A, of $27.0M.
Competitors of Lynx
Lynx has 3 listed competitors in our database. They include Health Credit Services, Alphaeon Credit and Reclaimz.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hcsloans.com | 2015 | Charlotte, United States | Platform that offers patient financing options | |||
| goalphaeon.com | 2016 | Columbus, United States | Credit card for healthcare payments | |||
| reclaimz.com | 2023 | Alpharetta, United States | Reclaimz provides SaaS platform for healthcare claims funding and AI analytics services. |
Detailed competitors of Lynx
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Lynx
The website of Lynx (lynx-fh.com) receives about 7.9K visits a month.
- Monthly visits7.9K
▼ 14% vs previous month
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Lynx (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Lynx
Complete news archive for Lynx
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Frequently Asked Questions about Lynx
Lynx was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Lynx is headquartered in Wellesley, United States. It is registered at Wellesley, Massachusetts, United States.
Lynx is a funded company, having raised a total of $44.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Mar 2022.
Lynx has 21 employees.
Lynx is engaged in delivering modern fintech solutions tailored for the healthcare industry. The company offers a suite of APIs that enable platforms to integrate healthcare financial services, including banking, payment processing, e-commerce, and investment options. Solutions are designed to support consumer-directed health accounts, advanced payment systems with restricted spending, and e-commerce for medical products. Lynx serves sectors like Medicare, Medicaid, and commercial healthcare, aiming to simplify financial experiences while managing compliance and regulatory complexities for its partners.
Lynx's top competitors include Health Credit Services, Alphaeon Credit and Reclaimz.
Lynx offers Banking and Ledgering, Advanced Payment Processing, E-commerce, and Investments.
Lynx has 9 investors. Key investors include CVS Health, Flare Capital Partners, McKesson Ventures, .406 Ventures, and Frist Cressey Ventures.
Lynx operates through Lynx Finhealth, Inc..