Cost processing and banking infrastructure supplier Episode Six is increasing into the U.S. well being care market by way of a partnership with Nomi Well being, which emphasizes a digital-first strategy to affected person funds.

Austin, Texas-based Episode Six gives a platform for monetary establishments and fintechs with greater than 550 APIs and 100 plug-in software program capabilities to assist convey new merchandise to market and speed up digital transformation.

Citing U.S. well being care expenditures at almost $3.7 trillion, Episode Six plans to convey cost account holders right into a digital system that permits extra direct communication with their well being care supplier and locations them in a unified funds ecosystem.

“Current international and financial circumstances have accelerated many areas inside the already-emerging health-tech sector, however the want for funds innovation stays,” John Mitchell, CEO of Episode Six, stated in a Thursday press launch. “We see large alternative to help corporations on this house, and we stay up for offering the foundational expertise that Nomi Well being and others have been on the lookout for with a view to set them other than their rivals.”

Episode Six expertise permits well being care suppliers to construct a core account construction and a real-time switch of funds and knowledge to each shoppers and companies.

“Episode Six has proved its expertise within the banking trade, and we’re trying ahead to partnering with them to construct out our funds merchandise,” Boe Hartman, co-founder and chief expertise officer of Nomi Well being, stated within the launch. “Know-how performs a important function in how funds will evolve in our house, and Episode Six’s adaptability to shifting market circumstances will function the proper basis for us as we put together for the longer term.”

The enlargement and partnership come shortly after Episode Six secured an extra $30 million of funding, 9 months after the corporate secured $7 million of Collection A funding. The funds might be used for continued international development throughout all areas and key markets.

At the moment, 3 million shoppers and companies use merchandise constructed utilizing Episode Six expertise, the corporate stated. Episode Six operates globally by way of workplaces in Europe, Japan, Singapore and Hong Kong along with Austin.

Buyers embrace HSBC, Mastercard, SBI Funding Co. Ltd. and Anthos Capital.

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