Lynx

Wellesley, United States Founded: 2021 • Age: 5 yrs
Fintech solutions for healthcare banking are delivered via open APIs.
Annual revenue - Latest available
Total funding $44.5M 3 rounds
Employees 21 Tracked headcount
Investors 9 Known backers
Products 4 Services tracked
Competitors 6 Brand Intelligence

About Lynx

Lynx is a company based in Wellesley (United States) founded in 2021. It operates as a API-as-a-Product and HealthTech. 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 as of December 31, 2022. Lynx offers products and services including Banking and Ledgering, Advanced Payment Processing, E-commerce, and Investments. Lynx operates in a competitive market with competitors including Health Credit Services, Alphaeon Credit, Basis, Reclaimz and Horizon Health Fund, among others.

  • Headquarter Wellesley, United States
  • Employees 21 as on 31 Dec, 2022
  • Sectors
    Financial Services
  • Phone
    Locked
  • Website
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  • Social
    Locked
  • Legal Name Lynx Finhealth, Inc.
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $44.5 M (USD)

    in 3 rounds

  • Latest Funding Round
    $27 M (USD), Series A

    Feb 06, 2025

  • Investors
    CVS Health

    & 8 more

  • Employee Count
    21

    as on Dec 31, 2022

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Products & Services of Lynx

Lynx offers a comprehensive portfolio of products and services, including Banking and Ledgering, Advanced Payment Processing, E-commerce, and Investments.

Product name locked
Category locked
Primary

Banking and ledgering systems are provided for healthcare accounts.

Product name locked
Category locked
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Payment processing with restricted spending cards is facilitated efficiently.

Product name locked
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E-commerce solutions for healthcare products are built and supported.

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Investment options for healthcare finances are offered through integration.

People of Lynx

Headcount 10-50
Employee Profiles 22
Board Members and Advisors 5
Employee Profiles
People
Joe Firnstahl
Chief Product Officer
People
Glen Kvadus
Chief Growth Officer
People
Patty Chouanard-McAdam
VP, Operations
People
Ryan Leary
Senior Product Manager

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Board Members and Advisors
people
Matt Marek
Advisor
people
Lars Albright
Advisor
people
Edmund F. Murphy III
Advisor
people
Karen Webster
Advisor

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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.

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.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Early-stage tech startups are funded by this venture capital firm.
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Early-stage tech companies are supported through venture capital investments.
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Healthcare sector investments are primarily managed by Frist Cressey Ventures.
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Investor details for Lynx

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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Investments & Acquisitions by Lynx

Investments
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Investment portfolio details for Lynx

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  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Financial Statements - Lynx

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Detailed financials for Lynx

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  • Profit trends
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Lynx Comparisons

Lynx Primary company
Description
Fintech solutions for healthcare banking are delivered via o...
Location
Wellesley, United States
Founded Year
2021
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
21
As of 2022
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Peer comparison for Lynx

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of Lynx

Lynx 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 Health Credit Services, Alphaeon Credit, Basis, Reclaimz and Horizon Health Fund, among others.

Company Name Domain Founded year HQ Location Description
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Platform that offers patient financing options
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Credit card for healthcare payments
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Basis is focused on smart home energy management solutions.
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Reclaimz provides SaaS platform for healthcare claims funding and AI analytics services.
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Patient financing solutions for healthcare providers are offered.
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Detailed competitors of Lynx

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  • Domains and locations
  • Full company profiles
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  • Competitive positioning

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Latest news on Lynx

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Complete news archive for Lynx

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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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.

As of Dec 31, 2022, the latest employee count at Lynx is 21.

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 Basis, Health Credit Services and Alphaeon Credit.

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.

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