When was PayZen founded?

PayZen was founded in 2011 and raised its 1st funding round 10 years after it was founded.

Where is PayZen located?

PayZen is headquartered in San Francisco, United States.

Who is the current CEO of PayZen?

Itzik Cohen of PayZen. They have also founded 1 company.

How many employees does PayZen have?

As of Jun 30, 2026, the latest employee count at PayZen is 122.

Is PayZen a funded company?

PayZen is a funded company, having raised a total of $72M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 11, 2021.

How much is PayZen worth?

The latest valuation of PayZen is $***** as of Aug 13, 2024.

When was the latest funding round of PayZen?

PayZen's latest funding was a $***** Conventional Debt round on Aug 13, 2024, with participation from 1 investor. Its primary sector is Payments. In United States, the Payments sector has seen $2.58B in funding in 2026 to date.

Where does PayZen rank among its competitors?

PayZen ranks 2nd amongst 231 active competitors, of which 40 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Alaffia Health, which secured $55M in Feb, 2026.

Who are the top competitors of PayZen?

PayZen's top competitors include Cedar, Cherry and Zelis Healthcare. Among them, Alaffia Health secured the most recent funding round in February, 2026.

PayZen - 2026 Company Profile, Team, Funding & Competitors

PayZen is a series B company based in San Francisco (United States), founded in 2011 by Itzik Cohen. It operates as an AI medical billing software for healthcare professionals and organizations. PayZen has raised $72M in funding from investors like 7wire Ventures, SignalFire and New Enterprise Associates, with a current valuation of $*****. The company has 231 active competitors, including 40 funded and 35 that have exited. Its top competitors include companies like Cedar, Cherry and Zelis Healthcare.

Company Details

AI-based medical billing software for healthcare professionals and organizations. The company has created an AI-enabled patient payment and medical billing solution that assists healthcare administrators in managing hospital operations. The company claims to reduce hospital expenses, increase cash flow and optimize the revenue cycle of an organization.

Website: payzen.com
Email ID: *****@payzen.com

Key Metrics

Founded Year

2011

Location

San Francisco, United States

Stage

Series B

Total Funding

$72M in 6 rounds

Latest Funding Round

Conventional Debt, Aug 13, 2024, $*****

Post Money Valuation

$***** as on Aug 13, 2024

Investors

7wire Ventures & 7 more

Ranked

2^nd among 231 active competitors

Employee Count

122 as on Jun 30, 2026

Similar Companies

Cedar & 225 more

View PayZen's full profile

PayZen has raised a total funding of $72M over 6 rounds. Its first funding round was on Feb 11, 2021. Its latest funding round was a Conventional Debt round on Aug 13, 2024 for $*****. 1 investor participated in its latest round. PayZen has 8 institutional investors.

Here is the list of recent funding rounds of PayZen:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 13, 2024	2662598	Conventional Debt	3445779	1920822	3745932	6312128
Jun 25, 2024	8217634	Series B	3580226	1809784	3957828	8100117
Nov 15, 2022	1994947	Venture Debt	4971381	3530079	6436691	Viola Group

Access funding benchmarks and valuations. Sign up today!

View details of PayZen's funding rounds and investors

The founders of PayZen is Itzik Cohen. Itzik Cohen is the CEO of PayZen.

Here are the details of PayZen's key team members:

Itzik Cohen: Co-Founder & CEO of PayZen.
Contact Info: 1 email address

View details of PayZen's Founder profiles and Board Members

PayZen's employee count trend

PayZen has 122 employees as of Jun 26. Here is PayZen's employee count trend over the years:

Uncover PayZen's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of PayZen include Cedar, Cherry and Zelis Healthcare. Here is the list of Top 10 competitors of PayZen, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cedar 2016, New York City (United States), Series D	Cloud-based payment solutions for the healthcare industry	$351M	Kinnevik, Tiger Global Management & 28 others	65/100
2nd	PayZen 2011, San Francisco (United States), Series B	AI medical billing software for healthcare professionals and organizations	$72M	New Enterprise Associates, Viola Group & 6 others	62/100
3rd	Cherry 2017, San Francisco (United States), Funding Raised	Provides sales payment solution for businesses and customers	-	Susa Ventures, Financial Solutions Lab & 4 others	60/100
4th	Zelis Healthcare 1995, Boston (United States), Funding Raised	Digital solutions to modernize the healthcare financial experience for payers, providers, and members	-	Mubadala, Parthenon Capital & 9 others	59/100
5th	Arvo 2022, Sao Paulo (Brazil), Series A	AI-powered healthcare technology to identify errors and fraud in healthcare transactions	$24.5M	Actions Capital, Kaszek & 5 others	59/100
6th	Alaffia Health 2020, New York City (United States), Series B	AI platform for healthcare claims management and automation	$72M	FirstMark, Transformation Capital & 12 others	58/100
7th	InstaMed 2004, Philadelphia (United States), Acquired	Healthcare bill payment solutions	$123M	NJTC Venture Fund, Osage Venture Partners ... & 9 others	57/100
8th	HealthiPASS 2013, Lombard (United States), Acquired	Healthcare billing management	$11.3M	QED Investors, OCA Ventures & 7 others	57/100
9th	Rialtic 2020, Atlanta (United States), Series B	Payment solutions for healthcare sectors	$81M	F-Prime Capital, Socium Ventures & 4 others	56/100
10th	RevSpring 1981, St. Paul (Canada), Acquired	Platform for revenue cycle management in healthcare centers	-	New Enterprise Associates, WestView Capital ... & 5 others	55/100