PayGround, a Gilbert, AZ-based healthcare fintech payments platform, closed a $5.5M funding round.
The round was led by FCA Venture Partners and Lewis & Clark Ventures with participation from existing investors, Triventures and notable angel investors.
The company intends to use the funds to expand into new markets, invest in new marketing campaigns and enhance the platform’s features.
Led by CEO Drew Mercer, PayGround enables patients to manage bills from all providers in one platform. A patient simply needs to take a photo of their bill and select the payment method. Then, they can click on PayGround’s mobile app to pay. The platform streamlines the collection process for healthcare providers.