PayGround, Health care/Biotech category winner, 2024 AZ Inno Fire Awards

Written By Lewis & Clark

PayGround, a Gilbert-based financial technology startup, aims to simplify the health care payment process for patients and providers. It's the 2024 AZ Inno Fire Award winner in the Health Care/Biotech category.

Founded by Drew Mercer in 2018, PayGround has grown its annual revenue by more than 560% over the past three years.

PayGround’s platform streamlines health care payments for providers and patients via its mobile app that manages, tracks and pays medical bills all in one place.

Last November, the company closed a $19.7 million series A round to bolster its rapid expansion into health care systems and hospitals. To date, PayGround has raised a total of $23.7 million in capital.

PayGround’s platform can integrate into providers' electronic medical health record systems to seamlessly collect payments online or onsite, reducing overall costs and simplifying workflow.

The company was selected by AZ Inno as one of the Valley’s 10 Startups to Watch poised for a breakthrough year in 2022.

Lewis & Clark

Lewis & Clark Ventures was founded by former operators with the conviction that innovation and entrepreneurial talent are plentiful outside of traditional capital centers. We partner with high potential Late Seed and Series A stage B2B software companies. Our vision for success is to become a trusted partner to every entrepreneur that we back and assist in their journey towards scale and significance.

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