Berlin-based healthcare fintech Nelly has secured €100 million in debt funding from Vereinigte Volksbank to expand its medical practice payment solutions. As reported by Finance FWD, the funding will enable Nelly to extend its services beyond private medical payments to include insurance-covered treatments.
Founded in 2021 by Niklas Radner, Lukas Eicher, and Rasmus Schults, Nelly has developed a factoring solution that allows patients to pay medical bills in installments while ensuring immediate payment to healthcare providers. The platform currently focuses on dental practices and private medical services.
"While we've concentrated on developing factoring and payment solutions for self-paying patients in dental and medical practices, we've identified significant demand for services covered by health insurance," says Radner. The new partnership addresses a crucial pain point for healthcare providers who often face delays in receiving payments from insurance companies.
The startup aims to reduce the administrative burden for medical professionals, citing that 90% of healthcare providers consider bureaucracy their biggest workplace challenge. By digitizing traditional processes, Nelly seeks to create a more efficient and transparent healthcare payment system.
