About SwervePay
SwervePay is a company based in Chicago (United States) founded in 2010 was acquired by Ontario Systems in May 2020.. SwervePay has raised $4.2 million across 1 funding round from investors including Ontario Systems. SwervePay has completed 1 acquisition, including Statpay.MD. SwervePay offers products and services including Velosidy, Artiva HCx, Katabat, and Simplicity. SwervePay operates in a competitive market with competitors including Greenphire, Zelis Healthcare, Cedar, PayZen and RevSpring, among others.
- Headquarter Chicago, United States
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Sectors
HealthcareFinancial 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
$4.2 M (USD)
in 1 rounds
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Latest Funding Round
$4.2 M (USD), Series B
Feb 26, 2019
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Ontario Systems
(May 19, 2020)
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Products & Services of SwervePay
SwervePay 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 platform for third-party agencies to boost revenue recovery.
Centralized system for healthcare efficiency and financial acceleration.
Tool for lenders to enhance efficiency and customer satisfaction.
Platform for small agencies to improve productivity and growth.
Funding Insights of SwervePay
SwervePay has successfully raised a total of $4.2M through 1 strategic funding round. The most recent funding activity was a Series B round of $4.2 million completed in February 2019. 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 1
- Last Round Series B — $4.2M
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First Round
First Round
(26 Feb 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Series B - SwervePay | 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
SwervePay has secured backing from 1 investor. Prominent investors backing the company include Ontario Systems. 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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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
SwervePay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Statpay.MD. 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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Payment solutions for healthcare providers are offered by Statpay.MD.
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2012 |
| 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 - SwervePay
| 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 |
Swervepay Comparisons
Competitors of SwervePay
SwervePay 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, PayZen and RevSpring, 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 |
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| 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 |
AI medical billing software for healthcare professionals and organizations
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare centers is offered.
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| domain | founded_year | HQ Location |
Sales payment solutions are provided for businesses and customers.
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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 Swervepay
Frequently Asked Questions about SwervePay
When was SwervePay founded?
SwervePay was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is SwervePay located?
SwervePay is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is SwervePay a funded company?
SwervePay is a funded company, having raised a total of $4.2M across 1 funding round to date. The company's 1st funding round was a Series B of $4.2M, raised on Feb 26, 2019.
What does SwervePay do?
SwervePay was established in 2010 in Chicago, United States, within the healthcare payments sector. A platform is offered that allows patients to settle bills through text messages, bypassing traditional portals. Integration with existing patient management and electronic health record systems is provided, supporting balance collection before, during, and after care. Automated messaging for appointment reminders and notifications is utilized, alongside secure backend automation for records.
Who are the top competitors of SwervePay?
SwervePay's top competitors include Greenphire, Cedar and PayZen.
What products or services does SwervePay offer?
SwervePay offers Velosidy, Artiva HCx, Katabat, and Simplicity.
How many acquisitions has SwervePay made?
SwervePay has made 1 acquisition, including Statpay.MD.
Who are SwervePay's investors?
SwervePay has 1 investor. Key investors include Ontario Systems.
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