Walnut, a "buy now pay later" healthcare startup, recently received a $110 million investment.
The New York City-based tech company embeds its system into the healthcare provider's checkout system (online or off) — rather than using a standalone app — allowing patients to pay medical bills in monthly installments.
The firm, started a year and a half ago, said it aims to serve patients other lenders might not approve. It works with more than 50 providers in nearly a dozen specialties.
The May 5 series A funding round included $100 million in debt financing and $10 million in equity financing was led by Gradient Ventures.