Brian Whorley, Paytient CEO
Paytient Technologies Inc. secured a $40.5M Series B round led by Mercato Partners with Bertelsmann Investments participating.
“It’s really important to us that we take good care of people. Given our growth, we’ll continue to over-invest in member support,” CEO Brian Whorley told bizblip. “We also will invest in our Fortune 100 partnerships and Fortune 500 employers who are increasingly looking to us to help people more easily find and pay for care at higher value healthcare providers. Both of those are key to mission of helping people better access and afford care.”
The Columbia, MO healthcare fintech startup connects clients with interest-free credit to pay out-of-pocket health care costs more easily. It launched in April, 2018.
Paytient landed a $17.1M Series A in July, 2021 as well as a $5.2M seed round in October 2020, a $1.25M pre-seed round in 2019… plus some Angel funding, totaling $64.1M with today’s B round. Investors include Mercato Partners, Lightbank, Cultivation Capital, Inspired Capital, Box Group, Missouri Innovation Center, Lachy Groom and Johnny Weinstock.
St. Louis’s Cultivation Capital was an early investor — and they hopped in while this startup was in its infancy. bizblip asked Cultivation Capital principal Andy Cloyed what the VC firm saw back in June of 2019 — when Paytient was just over one year old.
“Paytient was a unique journey where we were able to meet an incredibly talented, passionate founder with strong domain expertise that was working on a massive, widely felt problem at the idea stage,” Cloyed said. “While building the relationship with Brian (CEO) and Daniel (CTO), we laid out some clear milestones on what it would take for us to lead a round and the team executed to a T. At that point, it was a no-brainer to invest. We quickly assembled at $1.25M round with our friend Eric Ong at Lightbank and the rest is history!”
