About Payspan
Payspan is a company based in Atlanta (United States) founded in 1985 was acquired by Zelis Healthcare in November 2022.. Payspan has raised $47.26 million across 7 funding rounds from investors including Zelis Healthcare, Primus Capital and ABS Capital. The company has 165 employees as of December 31, 2022. Payspan operates in a competitive market with competitors including MiyaHealth, Enlace Health, Rialtic, Free Market Health and HMM Deutschland, among others.
- Headquarter Atlanta, United States
- Employees 165 as on 31 Dec, 2022
-
Sectors
Healthcare
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Payspan Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$47.26 M (USD)
in 7 rounds
-
Latest Funding Round
-
Investors
Zelis Healthcare
& 5 more
-
Employee Count
165
as on Dec 31, 2022
-
Acquired by
Zelis Healthcare
(Nov 09, 2022)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Payspan
Payspan has successfully raised a total of $47.26M across 7 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 7
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Series E - Payspan | Valuation | Primus Capital |
|
| Aug, 2015 | Amount | Series D - Payspan | Valuation | ABS Capital |
|
| Feb, 2009 | Amount | Series D - Payspan | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Payspan
Payspan has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Zelis Healthcare, Primus Capital and ABS Capital. 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 |
|---|---|---|---|---|
|
Private equity investments are directed toward the US and Canada.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
VC firm investing in expansion stage tech and life sciences companies in the US
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Payspan
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Payspan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payspan Comparisons
Competitors of Payspan
Payspan 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 MiyaHealth, Enlace Health, Rialtic, Free Market Health and HMM Deutschland, 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 |
Digital medical cost management solution for payors and employers
|
|
| domain | founded_year | HQ Location |
Provider of data analytics and other IT infrastructure management services
|
|
| domain | founded_year | HQ Location |
Payment solutions for healthcare sectors
|
|
| domain | founded_year | HQ Location |
Digital medication cost analysis and management tool for payers and pharmacies
|
|
| domain | founded_year | HQ Location |
Provider of halthcare billing solutions for healthcare sectors
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Payspan
Frequently Asked Questions about Payspan
When was Payspan founded?
Payspan was founded in 1985 and raised its 1st funding round 15 years after it was founded.
Where is Payspan located?
Payspan is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Payspan a funded company?
Payspan is a funded company, having raised a total of $47.26M across 7 funding rounds to date. The company's 1st funding round was a Series D of $22.26M, raised on Feb 01, 2000.
How many employees does Payspan have?
As of Dec 31, 2022, the latest employee count at Payspan is 165.
What does Payspan do?
Payspan is a provider of healthcare reimbursement and payment automation. The company claims it securely transfer healthcare payments and facilitate alternative reimbursement strategies. Payer solutions include Core Payer Network, electronic payments platform, Payer enterprise platform, an end-to-end RCM solution; Premium Payments, which provides functionality for invoicing, collecting, and reporting; Member Liability, which allows members to make online payments and Unified Benefits Card.
Who are the top competitors of Payspan?
Payspan's top competitors include Free Market Health, Enlace Health and MiyaHealth.
Who are Payspan's investors?
Payspan has 6 investors. Key investors include Zelis Healthcare, Primus Capital, ABS Capital, Stonehenge Growth Equity Partners, and HLM Venture Partners.