Panacea Financial, a financial technology company dedicated to providing world-class financial services to doctors and their practices, has extended its Series B round to $62 million, with an additional $37 million investment from Valar Ventures, solidifying its position as a leading fintech platform explicitly tailored for doctors and medical practices. The company offers an integrated financial ecosystem, encompassing banking, lending, legal, and advisory services, utilizing proprietary AI-driven credit decision-making to address the unique challenges faced by medical professionals, including high debt and delayed earnings. With over $2 billion in loan applications processed and a best-in-class charge-off rate of 0.3%, Panacea plans to utilize the new capital to scale its platform, enhance personalization, and expand tools such as its Digital Account Opening solution for doctors nationwide.

Panacea Financial Extends Series B to $62M From Valar Ventures