PayMedix

Boston, United States · Founded 2005 · $58.0M raised

Headquarters
Boston, Wisconsin
Founded
2005
Business Model
B2B2C
Total Funding
$58.0M
Last Round
$33.0M Growth EquityJan 2026
Rounds
2

About

PayMedix (operating as HPS/PayMedix) is a Milwaukee, Wisconsin-based healthcare payments and financing company founded in 2005 as Health Payment Systems (HPS) that has processed over $7 billion in medical payments for hospital systems and physician practices. The platform is the only solution that unifies payors, providers, and patients through a single system featuring guaranteed payments to providers, a SuperEOB® consolidated statement, and complete interest-free financing for consumers regardless of credit history. In 2024, PayMedix acquired TempoPay to extend its interest-free financing platform to cover pharmacy, dental, and vision expenses in addition to medical bills. The company has raised over $58 million in total funding, including a $33M round in January 2026 led by HLM Investment Partners, and reports over 93% employer retention and 91% consumer satisfaction ratings.

Summary

PayMedix is a Healthcare company based in Boston, United States, founded in 2005. It has raised $58.0M in total across 2 rounds, most recently a $33.0M Growth Equity round in Jan 2026. Investors include HLM Capital, SVB Capital and Escalate Capital Partners.

Tech & App Stack

7 technologies & apps tracked

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Funding History

Credit LineVenture RoundJul 2026
$25.0M

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Venture Round through Credit Line — per-round amounts, valuations, and who invested in each round.

Investors

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