PayZen, a BNPL platform for the healthcare industry, has raised USD 220 million in funding via a USD 20 million Series B funding round led by 7wireVentures and a USD 200 million warehouse credit facility from Viola Credit. This brings the company’s total funding to USD 240 million. 

The proceeds will be utilized to expand its credit lines and to develop its technology further. 

PayZen is a BNPL platform that aims to provide affordable healthcare using financial technology, AI, and machine learning. The platform, which creates customized payment plans (up to 60 months with no interest or fees) for patients based on their affordability, provides funds regardless of their credit scores. The company’s offerings also include the “Care Card” for pre-service payments and pharmacy expenses. 

Analyst QuickTake : PayZen joins a handful of players offering healthcare-related BNPL platforms. For instance, Scratchpay , which provides financing for veterinary and human healthcare, raised USD 35 million in Series C funding in September , following Walnut’s USD 110 million fundraising in May . Unlike PayZen’s generalized offering, Walnut targets smaller practices that accommodate 1–5 physicians that focus on specific areas like dentistry, dermatology, and fertility.