Trinity Capital Inc. Provides $40 Million in Growth Capital to Paytient
PHOENIX, June 3, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $40 million in growth capital to Paytient, a healthcare payments company helping people better access and afford care.
Paytient enables employers and insurers to transform how cost share responsibility feels for patients. As part of the health plan, Paytient allows people to access care from providers and manage out-of-pocket healthcare costs over time, without interest or fees. Paytient's members can choose lower-premium plans by creating certainty that any healthcare expense that they need to self-pay will be more affordable.
"Paytient is addressing a growing need in the healthcare landscape by making care more accessible and affordable," said Jack McNamara, Director of Tech Lending for Trinity Capital. "As the demand for flexible healthcare solutions continues to rise, the Paytient team's expertise and momentum position them well to serve this growing market."
Today, Paytient serves over 23 million members and partners with nearly 7,000 employers, insurers, and providers, including major payers who now embed cost-smoothing into their plan designs as a standard affordability benefit.
This growth capital will support Paytient's expansion into large group employer-sponsored plans, alternative health plans, the ACA marketplace, and Medicare, as plan-embedded out-of-pocket affordability or cost-smoothing solutions are becoming standard in health plan benefits.
"Our partnership with Trinity Capital is about more than funding—it's about shared conviction," said Brian Whorley, founder and CEO of Paytient. "We both believe there's a better way to help people manage the cost of care. This capital allows us to scale faster and deepen our impact—for the members we serve, the employers who support them, and the health plans working to make care more accessible and affordable."
About Trinity Capital Inc.
Trinity Capital Inc. (NASDAQ:TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources, structures, and invests in well-capitalized growth-oriented companies. With distinct business verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences, Trinity Capital stands as a long-term trusted partner for innovative companies seeking tailored debt structures. Headquartered in Phoenix, Arizona, Trinity Capital's dedicated team is strategically located across the United States and in London (UK). For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn and X (@trincapital).
About Paytient
Paytient is transforming how Americans access and afford healthcare. The company provides employer- or health plan-embedded payment solutions that members can use to pay for out-of-pocket medical, dental, vision, pharmacy, and veterinary expenses.
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SOURCE Trinity Capital Inc.