Tivita emerges from stealth and secures $6 million in funding to set the back office of healthcare providers on autopilot
The SEED round was led by FinTech Collective, with participation from K50 Ventures, Maya Capital, SSV and angel-investors
Company aims to grow 20 times in the next two years by expanding into Scheduling, Accounts Payable, and billing to Health Plans
Tivita’s leadership: the founders Amilton Paglia and Claudio Franco had already worked at two Brazilian unicorns
São Paulo, July 2, 2024 – Tivita, a fintech company that is revolutionizing the financial management of medical clinics and practices, announced today the completion of its investment round, raising $6 million. The round was led by the FinTech Collective fund, with participation from K50 Ventures, MAYA Capital, and SSV, as well as experienced angel investors in the health and technology sector, such as Cesar Carvalho (co-founder and CEO of Wellhub, formerly Gympass), Tiago Dalvi (founder and CEO of Olist), Parker Treacy (co-founder and CEO of Cobli), and Renato Velloso (co-founder of Odontoprev and former CEO of Dr. Consulta).
Tivita was founded in July 2023 by Claudio Franco (formerly CMO of Wellhub/Gympass) and Amilton Paglia (formerly CPO of Olist) with the mission of simplifying and automating up to 90% of the manual tasks in the financial routines of clinics and medical practices. The solution allows healthcare professionals and managers to monitor revenue and productivity in real-time, automating financial routines and simplifying the issuance of documents related to patient payment and care, resulting in cost reduction and a significant increase in operational efficiency. “We created a solution that enables managers to put their operation practically on autopilot, drastically reducing the time spent on tasks that previously took an average of 20 minutes per patient, now completed in about 20 seconds,” explains Claudio Franco, co-founder and CEO of Tivita. Since its pre-launch in January 2024, Tivita has already processed over R$ 5 million in payments for its clients.
With the $6 million raised, the company plans to grow 20 times over the next two years, investing mainly in the technological development of the solution. The goal is to expand the automation of other repetitive manual processes within clinics, such as payments to service providers, accounts payable, and billing to health plans.
Carlos Alonso-Torras, partner at FinTech Collective who leads investments in emerging markets, emphasizes the importance of invested companies having highly motivated and capable teams. "At FTC, we see Tivita as capable of reimagining financial management in healthcare in all of Latin America. This is the largest investment made by the fund in Brazil since its origin. Tivita embodies the potential of the Brazilian fintech ecosystem, where we see talent and infrastructure second to none at a global scale," says.
Lara Lemann, Co-Founder and Managing Partner of Maya Capital, asserts: "We have been following the founders for over a year and have been consistently impressed by their tenacity, capacity to attract talent, and their comprehensive understanding of the operational difficulties facing healthcare practices. We are very excited to support Tivita's team as they build out the operating system for healthcare providers in Latin America, powering transactions between payers and providers at the intersection of health-tech and fintech."
Currently, with a team of 13 professionals experienced in health and technology, Tivita offers its solution in two contracting models: a fixed monthly subscription for health teams and a flexible postpaid model for offices that serve up to 100 patients per month. The operation is already active in 16 states, supporting more than 120 clients across Brazil, of different sizes and specialties, ranging from psychiatrists, plastic surgeons, ophthalmologists, dermatologists, psychologists, physiotherapists, and nutritionists.
About Tivita
Tivita is a Brazilian fintech founded in July 2023 that offers innovative solutions for the financial management of medical offices and clinics, eliminating manual tasks and providing greater control and efficiency for healthcare professionals. The company operates in 16 states in Brazil and plans for significant expansion in the coming years.
