PayGround, a U.S.-based healthcare fintech, announced on Tuesday it secured $4 million through its seed investment round, which was led by Triventures, a venture capital fund investing in data-driven health startups, with participation from SixThirty, which invests in early-stage fintech and insurtech enterprise technology companies.
Founded in 2019, PayGround stated it makes paying and tracking bills online painless with no more juggling numerous accounts with various providers, making payments by mail or paying by phone. The company’s web-based system allows its users to use one login to access multiple profiles and providers for their entire family.
“PayGround is here to help medical providers, small businesses and business professionals provide a better bill pay experience. On-board patients/customers, create invoices, receive payments, and see billing analytics all in one, convenient place.”
PayGround further revealed it will use the funds to execute on its technology roadmap while growing its brand with an aggressive sales and marketing plan. In addition to the investment round, PayGround reported it has expanded its Board of Directors with representatives of the investors and industry expert, Dan Johnson, a healthcare IT leader who previously served as President at Experian Health. Drew Mercer, CEO of PayGround, added:
“We are so grateful for this latest funding round. We can now accelerate our go-to-market plan and scale value across patients and providers alike. Stay tuned for some big announcements in the coming weeks as PayGround disrupts the healthcare revenue cycle.”