MedZERO is a technology company.
MedZERO has raised $15.0M across 2 funding rounds.
MedZERO has raised $15.0M in total across 2 funding rounds.
medZERO is a healthcare-focused fintech company headquartered in Portland, Oregon, that provides employers with a platform enabling employees to access interest-free financing for out-of-pocket healthcare expenses like deductibles, co-pays, co-insurance, dental, pharmacy, and orthodontia costs.[1][2][3][4] The platform supports any health plan or provider, uses bank-grade technology akin to PayPal and Amazon, and allows repayment via payroll deduction—often pre-tax through Health Savings Accounts for up to 30% savings—reducing employer costs via lower absenteeism, better retention, and optimized benefits usage.[1][2][3] With over 100 years of combined management experience and $5.7M in funding from investors like True Ventures and Village Global, medZERO targets employee financial wellness amid rising deductibles, reporting $5.8M revenue and under 25 employees.[1][4]
medZERO was formed in late 2017 as a venture between Mobile Capital Group Inc. (Kansas City) and Sortis Holdings Inc. (Portland, Oregon), focusing on patient payment solutions to cut healthcare delivery costs nationally.[3] Co-founder and CEO Michael Sobek, with experience launching Sprint broadband, banking, and prepaid card services at StoreFinancial (now EML Payments), identified the need for a "safety net" as deductibles soared into thousands annually, burdening employees and employers.[3] Early traction included selection for the Launch Health Accelerator by Nueterra and LaunchKC in 2019, highlighting its mobile lending platform for instant 0% APR loans repaid over 6-12 months via payroll, with minimal admin and virtual Mastercard issuance.[3] Sortis rolled it out across its lifestyle and hospitality brands in 40 locations, building momentum in employee benefits.[4]
medZERO rides the fintech-healthcare convergence trend, addressing U.S. healthcare's high out-of-pocket costs—exacerbated by rising deductibles—and infertility/reproductive challenges affecting 1 in 6 couples, as highlighted in its 2025 National Infertility Awareness Week support.[2][5] Timing aligns with AI's rise in personalized wellness, launching AI capabilities in 2025 to blend financial decision-making with care access amid post-pandemic retention pressures on employers.[2] Market forces like employee demands for financial stability favor it, influencing the ecosystem by setting standards for benefits innovation, similar to investor-backed successes (Peloton, Fitbit), and expanding via partnerships like Sortis.[1][3][4]
medZERO is poised to scale its AI strategy, launching initial features in 2025 for predictive cost-saving and journey-wide support, potentially capturing more mid-market employers amid wellness fintech growth.[2] Trends like AI-driven personalization and pre-tax financing will shape it, evolving its influence from niche lender to comprehensive healthcare wallet, especially for underserved areas like infertility.[2][5] As deductibles climb, expect deeper VC-fueled expansion and integrations, amplifying its role in affordable care—echoing its founding mission to empower employees and employers over escalating costs.[1][3]
MedZERO has raised $15.0M in total across 2 funding rounds.
MedZERO's investors include Endeavor Catalyst, Grand Ventures, Intel Capital, Mango Capital, True Ventures.
MedZERO has raised $15.0M across 2 funding rounds. Most recently, it raised $9.0M Seed in October 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2022 | $9.0M Seed | Endeavor Catalyst, Grand Ventures, Intel Capital, Mango Capital, True Ventures | |
| Dec 1, 2021 | $6.0M Seed | Intel Capital, Mango Capital, True Ventures |