Lynx, a Boston, MA-based supplier of a fintech platform for healthcare funds and administration, raised $27M in Collection A funding.
The spherical, which introduced the full quantity to $44M, was led by Flare Capital Companions, with participation from CVS Well being Ventures, McKesson Ventures, and current traders .406 Ventures, Apparent Ventures, and Frist Cressey Ventures. Along side the funding, Victor Lanio, a Associate at Flare Capital Companions, will be part of Lynx’s board.
The corporate intends to make use of the funds to:
- Additional improve innovation in Medicare Benefit supplemental advantages, Medicaid value-added advantages, and ICHRA.
- Improve Client – Directed Well being (CDH) account administration and compliance capabilities for well being plans and monetary establishments
- Develop API-driven merchandise to streamline the patron expertise and operations for advantages directors and well being plans
Led by CEO Matthew Renfro, Lynx is an API-first fintech platform for healthcare funds. It permits well being plans, monetary establishments, and advantages directors to embed a complete suite of healthcare monetary accounts and providers into their current person experiences. The platform is designed for personalisation and scalability leveraging a single API-first strategy, enabling firms to construct and launch options corresponding to CDH accounts, SKU-restricted fee playing cards for Medicare Benefit, and customized OTC storefronts in as little as 10 weeks. The platform will be absolutely embedded inside companion web sites and functions by way of API, whereas additionally providing customizable front-end experiences and cell functions for marquee purchasers, together with massive well being plans, monetary establishments, and advantages directors.
FinSMEs
07/02/2025
