Panacea Financial, the US-based fintech and specialty finance provider to doctors and medical practices, has raised $24.5 million in a Series B funding round led by Valar Ventures. The funds will go toward fueling growth within the medical provider community, team expansion, and the enhancement of its integrated financial platform which offers banking, lending, and insurance products. Since its launch in 2020, Panacea has grown substantially, today representing 40% of all active doctors in the US, and having provided over $450 million in financing.

Specialist Fintech Panacea Raises $24.5m in Series B Funding