Nibble Health Raises $8.5 Million to Humanize Healthcare Payments

The innovative model removes financial barriers to patient care while delivering a huge return on investment to enterprise partners

New YorkAnd the June 21 2022 /PRNewswire/ — Nibble Health, a B2B healthcare payments company, today announced the $8.5 million The initial round is led by Wing Venture Capital and Tiger Global Management, with participation from A* Capital and Expa.

Affordable and accessible financing solutions are urgently needed in healthcare. Two-thirds of personal bankruptcies in the United States are caused by medical debt, and nearly half of patients require financial assistance for bills in excess of 500 dollarsand at least a third of patients postpone care because they do not know how to pay for it.

Nibble Health enables leading organizations to offer zero-fee, interest-free healthcare financing as employee benefits. Employees can use their Nibble Health Card to pay healthcare expenses in free installments over time, creating a healthcare safety net that removes financial barriers to care, and companies can lower overall medical costs while increasing employee satisfaction.

“Premium payments have taken over e-commerce, but healthcare financing has been abandoned. It is a broken space that needs new solutions,” says the CEO. Stephen Green. “Our goal in starting Nibble Health is to provide affordable, transparent, and easy-to-use healthcare payment products that enable patients to seek care without worrying about upfront cost. Employers are the perfect enterprise partners to help us achieve this goal at scale.”

“When employees delay important medical procedures, it severely impacts company performance,” he says. Zack DeWitt, a partner in Wing Venture Capital. “Nibble Health is a transformative solution for companies looking to generate a huge ROI while team members perform right. It provides a value triple – improving employee health, increasing employee retention, and directly saving companies money.”

Founded in 2021 by Stephen Green And the Phil MarconasNibble Health offers no-cost healthcare financing as one of many tools to help patients better access the healthcare system.

The company, whose name was inspired by the idea of ​​taking small pieces from large bills, deals with 365 billion dollars It is a personal expense that Americans incur each year and provides a vital benefit that directly links financial wellness to physical health.

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About Health Nibble

Nibble Health is a B2B healthcare payments company that empowers patients through financial technology.

around the wing

Founded in 2013, Wing works with ambitious founders to enable Modern Enterprise, an agile, data-driven workplace powered by artificial intelligence. Wing invests early, before it becomes clear, leads seed and seed funding operations and is deeply involved in the company’s distinctive building skills and resources. Wing’s current portfolio includes some of today’s top enterprise technology companies such as Snowflake, Cohesity, and Gong.

About Tiger Global Management

Tiger Global Management is an investment firm focused on private and public companies in the Internet, software and financial technology sectors. Since 2001, Tiger Global has invested in hundreds of companies, across more than 30 countries, in stages ranging from incorporation to pre- and post-IPO. The company aims to partner with dynamic entrepreneurs who run market leaders in their core focus areas. Tiger Global’s investments include, UiPath, Stripe, Databriks, Bytedance, Snowflake, Facebook, Alibaba, Procore, Chime, Blend, Nubank, Attentive, LinkedIn, Flipkart and Toast.

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Source Nibble Health

Nibble Health Raises .5 Million to Humanize Healthcare Payments

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