# Finrise

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finrise

- Industry: Financial Services
- Headquarters: Burlingame, US
- Website: www.finrise.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Oct 19, 2016)
- Investors on record: 4

## About

Finrise, Inc. offers innovative financing solutions tailored for healthcare practices, specifically in veterinary services, dental care, and hearing aids, enhancing patient affordability and access to essential medical services.Founded in 2015 and headquartered in Burlingame, US, Finrise, Inc. provides financing solutions that enable healthcare practices to offer their patients up to USD 10,000 with rapid approval times. The company has successfully completed four deals, including a Seed round in October 2016, raising USD 3.00 mn from investors such as Mayfield Fund, NFX, and Western Technology Investment. The founder's history is not publicly detailed, and there are no known pivots or subsidiaries associated with the company.Finrise specializes in providing smart care financing solutions designed for healthcare practices, focusing on veterinary services, dental care, and hearing aid providers. Their core offering includes financing products that allow patients to access up to USD 10,000 in funds with rapid approval times of seven minutes or less. This service addresses the high upfront costs often associated with medical and veterinary care, aiming to enhance patient access and affordability. Targeted towards families seeking essential healthcare services, Finrise facilitates financial transactions at 99% of partner practices across various geographical markets, including urban and suburban areas in the United States. The company works closely with healthcare providers to deliver seamless financing options that ultimately benefit end users by improving their ability to receive timely care.Finrise's revenue model is primarily centered around B2B partnerships with healthcare practices and organizations, where they provide financing solutions for patient care. The transactions typically involve healthcare providers offering Finrise's financing options to their clients, allowing patients to apply for funds to cover medical expenses at the point of care. Revenue is generated through service fees or interest on the financed amounts, structured to align with patient repayment capabilities. This model enables practices to enhance patient retention while facilitating immediate revenue collection for services rendered. Key offerings include tailored financing solutions designed to meet the unique needs of veterinary and healthcare practices, ensuring a streamlined experience for both providers and patients.Finrise, Inc. aims to leverage recent funding to expand its product offerings and market reach. The company plans to introduce new financing solutions tailored for additional healthcare sectors, with potential launches scheduled for 2024. Additionally, Finrise is targeting geographic expansion into the Midwest and Southeast regions of the United States by the end of 2025. The recent Seed funding of USD 3.00 mn raised in October 2016 will support these initiatives, particularly in enhancing technology infrastructure and marketing efforts to attract new healthcare practice partnerships.

## Funding rounds

- Seed, Oct 19, 2016 — Mayfield Fund, NFX
- Seed, Apr 19, 2016, $3M — Mayfield Fund, Western Technology Investment, NFX
- Seed, Dec 1, 2015, $0.1M — iAngels Crowd Ltd, NFX

## Investors

- iAngels Crowd Ltd — Seed
- NFX (https://capitalatlas.ai/funds/nfx) — Seed
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Seed
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Seed