附近上门

Buy now, pay later (BNPL) startup closed a $110 million Series A led by .

The round comprised $10 million in equity financing and $100 million in debt. The debt financing was provided by .

While the BNPL space in general has become popular鈥攁nd drawn the attention of regulators鈥擶alnut focuses solely on the health care vertical. Its platform allows patients to spread their health care costs out over time.

In a about the funding, the New York-based company said more than half of the country has medical debt and over 60 million Americans skip care every year due to worries about cost.

Startups in the BNPL space have garnered significant interest from investors. Venture-backed companies in the BNPL space raised more than $4 billion in 2021, according to 附近上门 data. That marks a significant increase from around $1.7 billion in 2020.

There also has been significant dealmaking, including going public last year, and (formerly known as Square) bought AfterPay for $29 billion.

However, the entire space has come under added scrutiny the last few months. In December 2021, the Consumer Financial Protection Bureau聽 an inquiry into BNPL credit in a series of orders. The bureau also plans to collect information about the risk and benefits of the BNPL industry.

Shares of Affirm鈥攁 bellwether for the industry鈥攁re down nearly 45 percent from its $49 per share IPO price in January 2021.

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