Trinity Capital Inc. Provides $40 Million in Growth Capital to Paytient

Rhea-AI Summary

Trinity Capital Inc. (Nasdaq: TRIN) has committed $40 million in growth capital to Paytient, a healthcare payments company serving over 23 million members and partnering with nearly 7,000 employers, insurers, and providers. Paytient's platform enables employers and insurers to improve healthcare accessibility by allowing members to manage out-of-pocket costs over time without interest or fees. The funding will support Paytient's expansion into large group employer-sponsored plans, alternative health plans, the ACA marketplace, and Medicare. The company's solution is becoming a standard affordability benefit in health plan designs, helping members choose lower-premium plans while ensuring healthcare expenses remain manageable.

Positive

• 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

Negative

• Growth capital may impact Trinity Capital's available funds for other investments
• Expansion into multiple markets simultaneously could strain operational resources

PHOENIX, June 3, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $40 million in growth capital to Paytient, a healthcare payments company helping people better access and afford care.

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 Phoenix, Arizona, Trinity Capital's dedicated team is strategically located across the United States and in London (UK). For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn and X (@trincapital).

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.

FAQ

What is the size of Trinity Capital's investment in Paytient?

Trinity Capital has committed $40 million in growth capital to Paytient.

How many members and partners does Paytient currently serve?

Paytient serves over 23 million members and partners with nearly 7,000 employers, insurers, and providers.

What will Paytient use the TRIN growth capital for?

The capital will support Paytient's expansion into large group employer-sponsored plans, alternative health plans, the ACA marketplace, and Medicare.

How does Paytient's healthcare payment solution work?

Paytient allows members to manage out-of-pocket healthcare costs over time without interest or fees, enabling them to choose lower-premium plans while making healthcare expenses more affordable.

Who is the CEO of Paytient?

Brian Whorley is the founder and CEO of Paytient.