About SwervePay Health
SwervePay Health is a company based in Chicago (United States) founded in 2010 was acquired by Ontario Systems in May 2020.. SwervePay Health has raised $11.6 million across 2 funding rounds from investors including Ontario Systems and Mandell Ventures. SwervePay Health offers products and services including Velosidy, Artiva HCx, Katabat, and Simplicity. SwervePay Health operates in a competitive market with competitors including Cedar, VisitPay, HealthiPASS, MedPilot and OrthoFi, among others.
- Headquarter Chicago, United States
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Sectors
Healthcare
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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
$11.6 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series B
Feb 09, 2016
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Investors
Ontario Systems
& 1 more
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Employee Count
Employee Count
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Acquired by
Ontario Systems
(May 01, 2020)
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Products & Services of SwervePay Health
SwervePay Health offers a comprehensive portfolio of products and services, including Velosidy, Artiva HCx, Katabat, and Simplicity. 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.
SaaS-based platform for agencies to increase revenue and reduce costs.
Centralized system to improve efficiency and accelerate financial outcomes.
Software for lenders to enhance efficiency and customer satisfaction.
Platform to boost productivity and drive business growth for agencies.
Funding Insights of SwervePay Health
SwervePay Health has successfully raised a total of $11.6M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in February 2016. 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 2
- Last Round Series B — $10.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2016 | Amount | Series B - SwervePay Health | Valuation |
investors |
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| Jun, 2014 | Amount | Series A - SwervePay Health | Valuation |
investors |
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| 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 SwervePay Health
SwervePay Health has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ontario Systems and Mandell 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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Mandell Ventures is engaged in early-stage and real estate investments.
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Founded Year | Domain | Location | |
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Accounts receivable management solutions are provided for healthcare.
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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 SwervePay Health
| 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 - SwervePay Health
| 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 |
Swervepay Health Comparisons
Competitors of SwervePay Health
SwervePay Health 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 Cedar, VisitPay, HealthiPASS, MedPilot and OrthoFi, 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 |
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 |
Automated healthcare billing and patient account management are facilitated.
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| domain | founded_year | HQ Location |
Medical payments are managed for providers through patient-facing software.
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| domain | founded_year | HQ Location |
SaaS platform is delivered for orthodontic payment flexibility and operations.
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| domain | founded_year | HQ Location |
Out-of-pocket medical expenses are managed through flexible patient payment options.
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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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Frequently Asked Questions about SwervePay Health
When was SwervePay Health founded?
SwervePay Health was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is SwervePay Health located?
SwervePay Health is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is SwervePay Health a funded company?
SwervePay Health is a funded company, having raised a total of $11.6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $1.6M, raised on Jun 01, 2014.
What does SwervePay Health do?
SwervePay Health was founded in 2010 in Chicago, United States, within the healthcare payments sector. A cloud-based system is operated to facilitate patient payment management for physicians and hospitals. Secure text messages are used to engage patients and enable payment submissions. Relevant data is presented to improve payment resolution processes across health systems and practitioners.
Who are the top competitors of SwervePay Health?
SwervePay Health's top competitors include Cedar, VisitPay and HealthiPASS.
What products or services does SwervePay Health offer?
SwervePay Health offers Velosidy, Artiva HCx, Katabat, and Simplicity.
Who are SwervePay Health's investors?
SwervePay Health has 2 investors. Key investors include Ontario Systems, and Mandell Ventures.