What is Scratchpay?
Scratch Financial, Inc., operating as Scratchpay, is a specialized fintech company that provides innovative payment plans for medical financing. By leveraging a mobile-first approach, the company enables patients to manage healthcare costs through flexible, transparent payment options. This model addresses a critical pain point in the healthcare industry, where high out-of-pocket expenses often deter patients from seeking necessary care. By integrating directly into the medical provider workflow, Scratchpay has established itself as a vital infrastructure partner, facilitating seamless transactions and improving financial outcomes for both clinics and their patients. Its market position is defined by its ability to combine sophisticated financial technology with a deep understanding of the healthcare ecosystem, ensuring that medical services remain accessible and affordable.
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, Struck Capital, TTV Capital, and FJ Labs
Debt (2020): $350K supported by PPP
Series C (2022): $35M featuring Alumni Ventures, Struck Capital, Companion Fund, and Norwest Venture Partners
Series C (2025): $35M backed by Struck Capital, Digitalis Ventures, Alumni Ventures, Norwest Venture Partners, SWS Venture Capital, and TTV Capital
Key Investors in Scratchpay
Struck Capital
Struck Capital is a Los Angeles-based venture firm that focuses on building transformative technology companies at the Seed stage, providing end-to-end support for their portfolio.
Digitalis Ventures
Digitalis Ventures leverages deep technical and financial expertise to engineer solutions for unmet needs in human and animal health.
TTV Capital
TTV Capital is a specialized firm with over 100 years of combined experience, focusing on fintech businesses that serve the financial services sector and its consumers.
What's next for Scratchpay?
With the infusion of this latest capital, Scratchpay is well-positioned to accelerate its product roadmap and expand its footprint within the medical financing landscape. The company is expected to focus on enhancing its mobile platform capabilities, potentially integrating more advanced data analytics to refine its underwriting processes and improve user experience. Furthermore, the strategic backing from high-profile venture firms suggests a push toward broader market penetration and the potential for new service offerings that could diversify its revenue streams. As the company scales, the focus will likely remain on maintaining its competitive edge through technological innovation and strategic partnerships, ensuring it remains the preferred choice for medical providers seeking to offer flexible payment solutions to their patients.
See full Scratchpay company page
