PayGround, a Gilbert, Arizona-based healthcare fintech payments platform, has closed a $19.7 million Series A financing.
The round was led by SixThirty, with participation from Rally Ventures, IA Capital Group, FCA Venture Partners, and Plug and Play Ventures.
SixThirty is a global venture capital firm that works with the bold on big ideas in fintech, insurtech, privacy, and digital health. The firm focused on investing in late-seed stage fintech, insurtech, and cybersecurity companies.
PayGround Use of Funds
The company will use the funds to support the company's expansion into hospitals and health systems, enhance its platform, and grow its senior leadership team.
Founded in 2018, PayGround is a healthcare payments platform that streamlines the payment experience for providers and patients. The company's platform helps to manage numerous accounts with various providers making payments by mail or paying by phone through a web-based system through a single unified platform, enabling healthcare providers to decrease costs by eliminating the friction of paying multiple bills. For patients, it's an easy-to-use mobile app to manage, track, and pay all medical bills in one secure place. For medical providers, it's a modernized payment platform that reduces costs, simplifies processes, and boosts patient and employer satisfaction.
Company: PayGround, Inc.
Round: Series A
Funding Month: November 2023
Lead Investors: SixThirty
Additional Investors: Rally Ventures, IA Capital Group, FCA Venture Partners, and Plug and Play Ventures
Company Website: https://payground.com/
Software Category: Accounting and Finance Software