Mubadala Invests in Medical Billing Platform WellPay

Posted on 04/14/2020


San Mateo-based WellPay raised US$ 3.8 million in funding led by investors 8vc, Montage Ventures, Mubadala Capital Ventures, TTCER, and Advisors.fund. Mubadala Capital Ventures is part of Mubadala Investment Company. WellPay developed a platform that enables customers to secure their medical bills or upload medical bills they wish to pay over time. WellPay seeks to deal with the disastrous U.S. medical billing systems, which often can be incorrect for patients.

WellPay was created in June 2019.