What is Scratchpay?
Scratch Financial, Inc., operating as Scratchpay, provides a specialized fintech platform designed to streamline medical financing through an intuitive mobile application. By offering flexible payment plans, the company addresses the significant friction points inherent in out-of-pocket healthcare costs. Its market position is defined by its dual-sided value proposition: enabling patients to manage medical expenses through manageable installments while simultaneously providing healthcare providers with a reliable, automated revenue cycle management tool. As the healthcare industry continues to shift toward consumer-centric financial models, Scratchpay remains at the forefront of this digital transformation, leveraging proprietary technology to bridge the gap between clinical care and financial accessibility.
How much funding has Scratchpay raised?
Scratchpay has raised a total of $141.8M across 5 funding rounds:
Series A
$6.4M
Series B
$65M
Debt
$350K
Series C
$35M
Series C
$35M
Series A (2018): $6.4M, investors not publicly disclosed
Series B (2019): $65M led by Companion Fund, FJ Labs, TTV Capital, and Struck Capital
Debt (2020): $350K supported by PPP
Series C (2022): $35M featuring Norwest Venture Partners, Alumni Ventures, Struck Capital, and Companion Fund
Series C (2025): $35M backed by Norwest Venture Partners, Alumni Ventures, SWS Venture Capital, Digitalis Ventures, Struck Capital, and TTV Capital
Key Investors in Scratchpay
TTV Capital
TTV Capital invests in fintech businesses that serve the widely varying needs of the financial services sector and the consumers of financial products.
Struck Capital
Struck Capital is a venture capital firm based in Los Angeles that focuses on investing in and building transformative technology companies at the Seed stage.
FJ Labs
FJ Labs specializes in angel investing at a venture scale, focusing on marketplaces and network effect businesses.
What's next for Scratchpay?
With the successful closure of this major strategic investment, Scratchpay is well-positioned to accelerate its product roadmap and expand its footprint within the broader healthcare ecosystem. The company is expected to leverage this capital to enhance its underwriting algorithms, deepen its integration with existing electronic health record systems, and potentially explore new verticals within the veterinary and human health markets. By maintaining a focus on operational efficiency and strategic partnerships, Scratchpay is poised to solidify its leadership in the medical fintech space, ensuring that its payment infrastructure remains the standard for providers seeking to improve patient outcomes through financial flexibility.
See full Scratchpay company page
