Payspan
Latest round
- Series E
Last raised
- Apr 2006
Total raised
- $22M
Investors
- 4
About Payspan
Payspan, Inc.Founded in 1985, Payspan, Inc. is based in Atlanta, US, and focuses on improving healthcare financial transactions. The company was recently acquired by Zelis Healthcare Inc. in November 2022 for an undisclosed amount, which allows it to enhance its offerings through a new payments and communications platform.Payspan offers a comprehensive suite of healthcare financial solutions designed to streamline payment processes and improve the financial experience within the healthcare sector.Payspan generates revenue through partnerships and service agreements with payer clients. Their business model is primarily B2B, focusing on claims processing and payment efficiency. Clients typically subscribe to services like ZAPP (Zelis Automated Payment Process), with revenue derived from these subscription agreements based on client usage and service breadth.Following its acquisition by Zelis Healthcare Inc. in November 2022, Payspan plans to modernize its business operations and expand its product offerings. Specific markets for future growth have not been disclosed, but the focus will be on leveraging the combined strengths of Payspan and Zelis to improve healthcare financial solutions in various regions.
Who invested in Payspan
4 investors across 3 rounds
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Questions about Payspan
Who invested in Payspan?
Payspan has 4 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Payspan raised?
Payspan has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Payspan last raise money?
Payspan's most recent round on record is a Series E, in Apr 2006.
What does Payspan do?
Payspan is a financial services company.
Where is Payspan headquartered?
Payspan is headquartered in Atlanta, US.
Which VCs invest in companies like Payspan?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Payspan's stage. Their profiles are linked below.
VCs backing financial services startups at Series E
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