About PayMedix
PayMedix is a company based in Milwaukee (United States) founded in 2021.. PayMedix has raised $58 million across 3 funding rounds from investors including SVB Capital, Hexagon and Caltius Capital Management. PayMedix has completed 1 acquisition, including TempoPay. PayMedix offers products and services including Single Payment System, SuperEOB, and myPayMedix. PayMedix operates in a competitive market with competitors including ABILITY, TriZetto, Connecture, Leapstack and 4L Data Intelligence, among others.
- Headquarter Milwaukee, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$58 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
SVB Capital
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of PayMedix
PayMedix offers a comprehensive portfolio of products and services, including Single Payment System, SuperEOB, and myPayMedix. 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.
Provides guaranteed payments and simplifies statements for healthcare transactions.
Enhances billing efficiency and reduces complications for patients and providers.
Helps users manage and understand their healthcare expenses effectively.
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Funding Insights of PayMedix
PayMedix has successfully raised a total of $58M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(31 Jan 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2026 | Amount | Series C - PayMedix | Valuation | HLM Investment Partners |
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| Jan, 2026 | Amount | Debt – Conventional - PayMedix | Valuation |
investors |
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| Jan, 2023 | Amount | Series B - PayMedix | Valuation | SVB Capital |
| 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 PayMedix
PayMedix has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB Capital, Hexagon and Caltius Capital Management. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Capital solutions are provided for middle market companies by Caltius.
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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 PayMedix
PayMedix has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TempoPay. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Prepaid cards for consumer healthcare payments are provided by TempoPay.
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2022 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PayMedix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Paymedix Comparisons
Competitors of PayMedix
PayMedix 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 ABILITY, TriZetto, Connecture, Leapstack and 4L Data Intelligence, 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 |
Insurance claims and revenue cycle management solutions insurance industry and healthcare provider
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| domain | founded_year | HQ Location |
Software solutions for healthcare payers and providers are offered.
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| domain | founded_year | HQ Location |
Web-based solutions for health insurance sales and automation are delivered.
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| domain | founded_year | HQ Location |
AI and big data-based risk & claim management solutions for the health insurance industry
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| domain | founded_year | HQ Location |
AI-enabled solutions for healthcare insurance integrity are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Paymedix
Frequently Asked Questions about PayMedix
When was PayMedix founded?
PayMedix was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is PayMedix located?
PayMedix is headquartered in Milwaukee, United States. It is registered at Milwaukee, Wisconsin, United States.
Is PayMedix a funded company?
PayMedix is a funded company, having raised a total of $58M across 3 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jan 31, 2023.
What does PayMedix do?
PayMedix was founded in 2021 and is headquartered in Milwaukee, United States. Operations focus on the healthcare industry, where payment processing systems are developed and maintained for insurance providers. Services include secure transaction handling, integration with medical billing platforms, and compliance with regulatory standards. The companys domain, paymedix.com, supports these digital solutions tailored to sector needs.
Who are the top competitors of PayMedix?
PayMedix's top competitors include Connecture, 4L Data Intelligence and TriZetto.
What products or services does PayMedix offer?
PayMedix offers Single Payment System, SuperEOB, and myPayMedix.
How many acquisitions has PayMedix made?
PayMedix has made 1 acquisition, including TempoPay.
Who are PayMedix's investors?
PayMedix has 4 investors. Key investors include SVB Capital, Hexagon, Caltius Capital Management, and HLM Investment Partners.