About PayZen
PayZen is a company based in San Francisco (United States) founded in 2011 by Itzik Cohen and Tobias Mezger.. PayZen has raised $72 million across 6 funding rounds from investors including Viola Group, NEA and 7wire Ventures. PayZen operates in a competitive market with competitors including Greenphire, Zelis Healthcare, Cedar, VisitPay and InstaMed, among others.
- Headquarter San Francisco, United States
- Founders Itzik Cohen, Tobias Mezger
- Stage Minicorn
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$72 M (USD)
in 6 rounds
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Latest Funding Round
$200 M (USD), Debt – Conventional
Aug 13, 2024
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Investors
Viola Group
& 6 more
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Employee Count
Employee Count
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Funding Insights of PayZen
PayZen has successfully raised a total of $72M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 million completed in August 2024. 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 6
- Last Round Debt – Conventional — $200.0M
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First Round
First Round
(11 Feb 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Debt – Conventional - PayZen | Valuation |
investors |
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| Jun, 2024 | Amount | Series B - PayZen | Valuation | New Enterprise Associates , 7wire Ventures |
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| Nov, 2022 | Amount | Series B - PayZen | Valuation | 7wire Ventures |
| 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 PayZen
PayZen has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Viola Group, NEA and 7wire Ventures. 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 made in early-stage technology companies globally.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing primarily in the US
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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 PayZen
| 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 - PayZen
| 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 |
Payzen Comparisons
Competitors of PayZen
PayZen 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 Greenphire, Zelis Healthcare, Cedar, VisitPay and InstaMed, 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 |
Clinical payment technology for patient transactions in research is provided.
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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| domain | founded_year | HQ Location |
Cloud-based patient revenue management is delivered to healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare bill payments are facilitated for providers and patients.
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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 Payzen
Frequently Asked Questions about PayZen
When was PayZen founded?
PayZen was founded in 2011 and raised its 1st funding round 10 years after it was founded.
Where is PayZen located?
PayZen is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of PayZen?
Itzik Cohen is the current CEO of PayZen. They have also founded this company.
Is PayZen a funded company?
PayZen is a funded company, having raised a total of $72M across 6 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Feb 11, 2021.
What does PayZen do?
Founded in 2011 and based in San Francisco, United States, PayZen operates in the healthcare technology sector. AI-enabled solutions for patient payments and medical billing are provided to assist administrators in hospital operations. Revenue cycles are optimized, expenses are reduced, and cash flow is increased through these tools, supporting organizations in managing financial processes efficiently.
Who are the top competitors of PayZen?
PayZen's top competitors include Greenphire, Cedar and Zelis Healthcare.
Who are PayZen's investors?
PayZen has 7 investors. Key investors include Viola Group, NEA, 7wire Ventures, SignalFire, and Link Ventures.
What is PayZen's valuation?
The valuation of PayZen is $200M as of Jun 2024.
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