Panacea Financial
Panacea Financial is a fintech company in Little Rock, United States, founded in 2020. It has raised $24.5M across 1 round, most recently a $24.5M Series B in January 2024.
The Financial Platform Built for Doctors
- Headquarters
- Little Rock, Arkansas
- Employees
- 11–50
- Founded
- 2020
- Business Model
- B2C
- Website
- panaceafinancial.com
- Total Funding
- $24.5M
- Last Round
- $24.5M Series BJan 2024
- Rounds
- 1
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 1 funding round and 1 investor for this company. The full record is or through the API.
About
Panacea Financial is a doctor-founded fintech company that provides a comprehensive banking and financial services platform built specifically for physicians, dentists, and veterinarians. Founded in 2020 by Michael Jerkins, MD, Ned Palmer, MD, and Tyler Stafford, CFA, the company offers loans, banking, payments, and contract insights tailored to the unique financial arc of a medical career—from training and residency through practice ownership and retirement. Traditional banks were not designed for doctors’ financial realities, so Panacea built a purpose-built alternative that has grown to serve thousands of doctors across the United States.
Summary
It lists 11–50 employees. It has raised $24.5M in total across 1 round, most recently a $24.5M Series B round in Jan 2024. Investors include Valar Ventures.
Tech & App Stack
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Funding History
Jan 2024
Investors
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