Trinity Capital Inc. Provides $40 Million in Growth Capital to Paytient
- Significant $40 million capital commitment demonstrates Trinity's confidence in Paytient's business model
- Large existing customer base of 23 million members and 7,000 partners shows strong market penetration
- Expansion into multiple new markets including employer-sponsored plans, ACA marketplace, and Medicare indicates growth potential
- Zero-interest payment solution addresses a critical market need in healthcare affordability
- Growth capital may impact Trinity Capital's available funds for other investments
- Expansion into multiple markets simultaneously could strain operational resources
Insights
Trinity Capital's $40M investment in Paytient expands its portfolio in healthcare fintech addressing affordability challenges with significant market reach.
Trinity Capital has committed
Paytient's business model creates value by enabling patients to manage out-of-pocket healthcare expenses over time without interest or fees. This approach allows individuals to opt for lower-premium insurance plans while maintaining healthcare access. The company has demonstrated substantial market traction, currently serving over 23 million members and partnering with nearly 7,000 employers, insurers, and providers.
The investment aligns with Trinity Capital's focus on growth-stage companies with proven market fit. Paytient will use this capital to accelerate expansion across multiple healthcare segments: large group employer-sponsored plans, alternative health plans, ACA marketplace, and Medicare. This diversification strategy positions Paytient to capitalize on the growing trend of embedding cost-smoothing solutions as standard components of health plan benefits.
For Trinity Capital investors, this transaction represents execution of the company's core business model as an alternative asset manager providing growth financing to emerging companies. The investment in Paytient provides exposure to the intersection of healthcare and financial technology – two sectors with significant growth potential as healthcare affordability remains a persistent challenge for consumers.
Paytient enables employers and insurers to transform how cost share responsibility feels for patients. As part of the health plan, Paytient allows people to access care from providers and manage out-of-pocket healthcare costs over time, without interest or fees. Paytient's members can choose lower-premium plans by creating certainty that any healthcare expense that they need to self-pay will be more affordable.
"Paytient is addressing a growing need in the healthcare landscape by making care more accessible and affordable," said Jack McNamara, Director of Tech Lending for Trinity Capital. "As the demand for flexible healthcare solutions continues to rise, the Paytient team's expertise and momentum position them well to serve this growing market."
Today, Paytient serves over 23 million members and partners with nearly 7,000 employers, insurers, and providers, including major payers who now embed cost-smoothing into their plan designs as a standard affordability benefit.
This growth capital will support Paytient's expansion into large group employer-sponsored plans, alternative health plans, the ACA marketplace, and Medicare, as plan-embedded out-of-pocket affordability or cost-smoothing solutions are becoming standard in health plan benefits.
"Our partnership with Trinity Capital is about more than funding—it's about shared conviction," said Brian Whorley, founder and CEO of Paytient. "We both believe there's a better way to help people manage the cost of care. This capital allows us to scale faster and deepen our impact—for the members we serve, the employers who support them, and the health plans working to make care more accessible and affordable."
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources, structures, and invests in well-capitalized growth-oriented companies. With distinct business verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences, Trinity Capital stands as a long-term trusted partner for innovative companies seeking tailored debt structures. Headquartered in
About Paytient
Paytient is transforming how Americans access and afford healthcare. The company provides employer- or health plan-embedded payment solutions that members can use to pay for out-of-pocket medical, dental, vision, pharmacy, and veterinary expenses.
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SOURCE Trinity Capital Inc.
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