Healthcare Payment Platform Simplee Secures $20 Million Series C Funding

On May 10, Simplee, a startup specializing in medical bill management and payment solutions, announced the completion of its $20 million Series C financing round, bringing its total funding to $37.8 million. The round was led by Social Capital, with participation from existing investors 83North and Heritage Group, as well as new investor American Express Ventures.

Ted Maidenberg, co-founder of Simplee, stated, “Much of the content in the healthcare sector has now matured to a point where transformation toward technological informatization is feasible. Currently, I believe healthcare payment presents a significant opportunity.”

Simplee was founded in 2010 by Tomer Shoval, Roberto Rabinovich, and Tom Tsarfati. Simplee provides patients with a comprehensive payment information platform, covering pre-visit inquiries, point-of-care payments, and post-visit bill tracking, dedicated to building payment trust and streamlining payment channels.

Simplee Financial Software Payment Platform mainly includes:

I. Simplee Estimates: The cost estimation module ensures that suppliers can build trust with patients from the outset, thereby attracting customers;

II. Simplee Wallet: Users can make personal payments, view detailed payment statements, track their medical visit records online, monitor subsidy disbursements, and review detailed expense breakdowns, thereby enhancing patient satisfaction.

III. Simplee Wealth Management offers users more user-friendly financial options.

Currently, Simplee partners with 900 hospitals and physician organizations, covering 5 million customers across the United States, with medical bills managed on its platform totaling $1 billion.