When was Payspan founded?

Payspan was founded in 1985 and raised its 1st funding round 15 years after it was founded.

Where is Payspan located?

Payspan is headquartered in Atlanta, United States. It is registered at Jacksonville, Florida.

How many employees does Payspan have?

As of May 31, 2026, the latest employee count at Payspan is 90.

Is Payspan a funded company?

Payspan is a funded company, having raised a total of $47.3M across 7 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Feb 2000.

When was the latest funding round of Payspan?

Payspan's latest funding was a $***** Series E round on Dec 2016, with participation from 1 investor.

Where does Payspan rank among its competitors?

Payspan ranks 11th amongst 40 active competitors, of which 13 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was CoverSelf, which secured $3.4M in Nov, 2023.

Who are the top competitors of Payspan?

Payspan's top competitors include Enlace Health, Rialtic and HMM Deutschland. Among them, CoverSelf secured the most recent funding round in November, 2023.

Payspan - 2026 Company Profile, Team, Funding & Competitors

Payspan is an acquired company based in Atlanta (United States), founded in 1985. It operates as a Provider of payment and reimbursement solutions. Payspan has raised $47.3M in funding from ABS Capital and Primus Capital. The company has 40 active competitors, including 13 funded and 11 that have exited. Its top competitors include companies like Enlace Health, Rialtic and HMM Deutschland.

Company Details

Payspan is a provider of healthcare reimbursement and payment automation. The company claims it securely transfer healthcare payments and facilitate alternative reimbursement strategies. Payer solutions include Core Payer Network, electronic payments platform, Payer enterprise platform, an end-to-end RCM solution; Premium Payments, which provides functionality for invoicing, collecting, and reporting; Member Liability, which allows members to make online payments and Unified Benefits Card.

Website: payspan.com
Registered Address: Jacksonville, Florida

Key Metrics

Founded Year

1985

Location

Atlanta, United States

Stage

Acquired

Total Funding

$47.3M in 7 rounds

Latest Funding Round

Series E, Dec 2016, $*****

Investors

ABS Capital & 7 more

Ranked

11^th among 40 active competitors

Employee Count

90 as on May 31, 2026

Similar Companies

Enlace Health & 50 more

Exit Details

Acquired by Zelis Healthcare (Nov 09, 2022)

View Payspan's full profile

Payspan is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PAYSPAN INC. CIN: 593259342 , United States, Active	Dec 31, 1999	-	165 (As on Dec 31, 2022)	-

Payspan got acquired by Zelis Healthcare on Nov 09, 2022.

Click here to take a look at Payspan's acquisition in detail

Payspan has raised a total funding of $47.3M over 7 rounds. Its first funding round was on Feb 2000. Its latest funding round was a Series E round on Dec 2016 for $*****. 1 investor participated in its latest round. Payspan has 8 institutional investors.

Here is the list of recent funding rounds of Payspan:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 2016	5518633	Series E	1646570	7908424	6897474	8954555
Aug 24, 2015	1715194	Series D	9393475	7780798	2231042	2744130
Feb 09, 2009	9297919	Series D	3791466	4175121	5590153	ABS Capital & 2 more

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View details of Payspan's funding rounds and investors

Payspan's employee count trend

Payspan has 90 employees as of May 26. Here is Payspan's employee count trend over the years:

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Top competitors of Payspan include Enlace Health, Rialtic and HMM Deutschland. Here is the list of Top 10 competitors of Payspan, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Enlace Health 2010, Columbus (United States), Series C	Provider of data analytics and other IT infrastructure management services	$109M	Cox Enterprises, General Electric & 15 others	60/100
2nd	Rialtic 2020, Atlanta (United States), Series B	Payment solutions for healthcare sectors	$81M	F-Prime Capital, Socium Ventures & 4 others	56/100
3rd	HMM Deutschland 2006, Moers (Germany), Acquired	Provider of halthcare billing solutions for healthcare sectors	-	DTCP	54/100
4th	Lyric 2017, King Of Prussia (United States), Series C	Claim payment processing solution for healthcare tech businesses	$90.9M	Symphony Ventures,	50/100
5th	Free Market Health 2019, Pittsburgh (United States), Series B	Provider of digital platforms coordinating specialty prescription medication fulfillment workflows	$33.5M	Alta Partners, Questa Capital & 2 others	49/100
6th	ECHO 1997, Westlake (United States), Unfunded	Provider of payment solutions for healthcare professionals	-	-	48/100
7th	CoverSelf 2020, San Francisco (United States), Seed	Provider of a healthcare payment integrity platform	$8.95M	3one4 Capital, Z21 Ventures & 22 others	47/100
8th	DataPath 1984, Little Rock (United States), Unfunded	Innovative benefits, financial services, and insurance solutions provider since nineteen eighty-four	-	-	47/100
9th	MiyaHealth 2018, Singapore (Singapore), Seed	Digital medical cost management solution for payors and employers	$7.7M	SEEDS Capital, Central Capital Ventura & 10 others	46/100
10th	MedPay 2020, Bengaluru (India), Seed	Digital network platform that connects healthcare providers with insurers	$1.85M	Entrepreneurs First, Merak Ventures & 5 others	44/100
11th	Payspan 1985, Atlanta (United States), Acquired	Provider of payment and reimbursement solutions	$47.3M	Valspring Capital, ABS Capital & 6 others	41/100