Scratchpay, a healthcare financer, has raised USD 35 million in a Series C funding round led by Norwest Venture Partners with participation from investors including Alumni Ventures, Companion Fund, Struck Capital, SWS Venture Capital, and TTV Capital. This brings the company’s total funding to ~USD 110 million. 

The funding will be used to develop new technology to round out its offering for healthcare providers which includes solutions to manage the end-to-end patient experience. 

Analyst QuickTake : Scratchpay’s raise is followed by healthcare-focused BNPL solution provider Walnut’s USD 110 million fundraise in May 2022. However, Walnut targets smaller practices that accommodate 1–5 physicians that focus on specific areas like dentistry, dermatology, and fertility. Scratchpay is more diversified with a focus on veterinary care and its plans to offer additional services with new funding.