About PayZen
PayZen is a Healthcare company based in San Francisco (United States) founded in 2011 by Itzik Cohen and Tobias Mezger. It operates as an AI medical billing software for healthcare professionals and organizations. It operates in the Healthcare and Financial Services sectors. PayZen has raised $72 million across 6 funding rounds from investors including Viola Group, NEA and 7wire Ventures. PayZen was last valued at $200 million in June 2024. Its chief executive is Itzik Cohen. Its website payzen.com draws about 45 thousand monthly visits. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include Greenphire, Zelis Healthcare, Cedar, VisitPay and InstaMed and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Founders Itzik Cohen, Tobias Mezger
- Stage Minicorn
- SectorsHealthcareFinancial Services
- Email••••••••
- Website payzen.com
- Social LinkedIn X
- Total Equity Funding$72M (USD)
in 6 rounds
- Latest Funding Round$200M (USD), Debt – Conventional
Aug 2024
- InvestorsViola Group
& 6 more
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 $72M
- Total Rounds 6
- Last Round Debt – Conventional — $200M
- First Round $5M
(Feb 2021)
- Investors Count 7
All 6 funding rounds of PayZen 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 |
|---|---|---|---|---|---|
| Aug 2024 | $200M | Debt – Conventional | – | – | |
| Jun 2024 | $32M | Series B | $200M | New Enterprise Associates, 7wire Ventures | – |
| Nov 2022 | $20M | Series B | – | 7wire Ventures | |
| Nov 2022 | $200M | Debt – Venture | – | – | |
| Nov 2021 | $15M | Series A | – | SignalFire | |
| Feb 2021 | $5M | Seed | – | Picus Capital, TWO39 Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $200M | •••••••• |
Last known valuation $200M (Jun 2024). 7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage technology companies globally. | – | viola-group.com | Herzliya, Israel | |
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
Tech focused early stage VC firm investing primarily in the US | – | 7wireventures.com | Chicago, United States | |
Seed and early-stage startups are funded by SignalFire. | – | signalfire.com | San Francisco, United States | |
Link Ventures is focused on investing in AI startups. | – | linkventures.com | Cambridge, USA | |
Venture capital firm focused on early stage healthcare, renewable energy, real estate, finance, and multiple businesses | – | picuscap.com | Munich, Germany | |
- | – | two39ventures.com | - |
Investor details for PayZen
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of PayZen
34 people are tracked at PayZen (17 in leadership, 8 in board & advisors, 9 in team).
| Name | Role | Group |
|---|---|---|
Itzik Cohen | Co-Founder & CEO | Leadership |
Tobias Mezger | Co-Founder & CRO | Leadership |
Tony Mary | Vice President of Sales | Leadership |
Kirsten Brenner | Director Of Revenue Operations | Leadership |
Shiv Chadha | Director, Product | Leadership |
Benjamin de Castrique | Vice President - Strategic Finance | Leadership |
ido shoval | Head Of Quality | Leadership |
Yuliya Melnik, MBA | Head of Servicing and Operations | Leadership |
Sanjeev Kapur | Chief Operating Officer | Leadership |
Brandon Pace | Chief Legal Officer, Corporate Secretary | Leadership |
Jake Puckett | Vice President Of Sales | Leadership |
Jefferson Guest | Director Of Provider Success | Leadership |
Brooke vander Linde | Director Of Marketing | Leadership |
Matt Waxman | Director Of Sales - Northeast | Leadership |
Moran Maoz Gvili | Head Of Human Resources, Israel | Leadership |
Aaron Steinfurth | Vice President, Provider Success | Leadership |
Braden Lang | Vice President Of Business Development | Leadership |
Omry Ben David | Board Member | Board & advisors |
Kevin Roberts | Independent Board Member | Board & advisors |
Prashant Karamchandani | Strategic Advisor | Board & advisors |
14 more people are available in the full profile.
Complete people profiles for PayZen
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PayZen
4 dated milestones of PayZen across 13 years, from founding to its latest funding, stage changes and deals.
- Founded PayZen is founded.
- Funding First funding round of $5.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $200.0M.
Competitors of PayZen
PayZen has 8 listed competitors in our database, 5 of them funded. They include Greenphire, Zelis Healthcare, Cedar, VisitPay and InstaMed, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenphire.com | 2007 | King Of Prussia, United States | $5.81M | 259 | Clinical payment technology for patient transactions in research is provided. | |
| zelis.com | 1995 | Boston, United States | – | 2,336 | Digital solutions to modernize the healthcare financial experience for payers, providers, and members | |
| cedar.com | 2016 | New York, United States | $351M | – | Cloud-based payment solutions are provided for healthcare billing and analytics. | |
| visitpay.com | 2010 | Boise, United States | $53.62M | 101 | Cloud-based patient revenue management is delivered to healthcare providers. | |
| instamed.com | 2004 | Philadelphia, United States | $123.24M | 275 | Healthcare bill payments are facilitated for providers and patients. | |
| alegeus.com | 1995 | Waltham, United States | – | 696 | Healthcare benefits are administered via tax-advantaged account platforms. | |
| withcherry.com | 2017 | San Francisco, United States | – | – | Sales payment solutions are provided for businesses and customers. | |
| alaffiahealth.com | 2020 | New York, United States | $15.96M | – | AI platform for health plans, automating clinical claims management workflows |
Detailed competitors of PayZen
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of PayZen
The website of PayZen (payzen.com) receives about 44.7K visits a month.
- Monthly visits44.7K
Websites whose visitors overlap most with PayZen. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paymentsdive.com | 100% | – | #217,606 | View details | |
| accessonepay.com | 79% | 9.3K | #2,506,797 | View details | |
| patientfi.com | 63% | 89.5K | #343,729 | View details | |
| lendingclub.com | 60% | 2.2M | #20,595 | View details | |
| google.com | 29% | 85.8B | #1 | View details |
Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as PayZen (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about Payzen
Complete news archive for PayZen
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Frequently Asked Questions about PayZen
PayZen was founded in 2011 and raised its 1st funding round 10 years after it was founded.
PayZen is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Itzik Cohen is the current CEO of PayZen. They have also founded this 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 Seed of $5M, raised on Feb 2021.
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.
PayZen's top competitors include Greenphire, Cedar and Zelis Healthcare.
PayZen has 7 investors. Key investors include Viola Group, NEA, 7wire Ventures, SignalFire, and Link Ventures.
The valuation of PayZen is $200M as of Jun 2024.