Lynx, a Boston, MA-based provider of a fintech platform for healthcare payments and administration, raised $27M in Series A funding.
The round, which brought the total amount to $44M, was led by Flare Capital Partners, with participation from CVS Health Ventures, McKesson Ventures, and existing investors .406 Ventures, Obvious Ventures, and Frist Cressey Ventures. In conjunction with the funding, Victor Lanio, a Partner at Flare Capital Partners, will join Lynx’s board.
The company intends to use the funds to:
- Further enhance innovation in Medicare Advantage supplemental benefits, Medicaid value-added benefits, and ICHRA.
- Enhance Consumer – Directed Health (CDH) account administration and compliance capabilities for health plans and financial institutions
- Develop API-driven products to streamline the consumer experience and operations for benefits administrators and health plans
Led by CEO Matthew Renfro, Lynx is an API-first fintech platform for healthcare payments. It enables health plans, financial institutions, and benefits administrators to embed a comprehensive suite of healthcare financial accounts and services into their existing user experiences. The platform is designed for customization and scalability leveraging a single API-first approach, enabling companies to build and launch solutions such as CDH accounts, SKU-restricted payment cards for Medicare Advantage, and custom OTC storefronts in as little as 10 weeks. The platform can be fully embedded within partner websites and applications via API, while also offering customizable front-end experiences and mobile applications for marquee clients, including large health plans, financial institutions, and benefits administrators.
FinSMEs
07/02/2025