Berlin's Nelly raises €15 million to fully digitise medical admin and payments

The payment and admin solution for the patient facing medial sector will extend its growth in Germany as it eyes new markets while strengthening its fintech offering
Berlin's Nelly raises €15 million to fully digitise medical admin and payments

German start-up Nelly, the fintech for the patient facing medical sector, has raised a €15 million Series A funding round to 'accelerate its growth in Germany, develop additional products, deepen its fintech capabilities, as well as to expand into new medical verticals and markets'.

In a recent study by ApoBank, 91% of independent healthcare professionals desire less documentation and administrative work - Nelly's solution fully digitises the patient admin and payment system which can all be carried out on the patient's mobile phone - 'from registration and medical history to signing documents and payment'.

The Series A round was led by Lakestar and includes b2venture and Motive Ventures.

"Our goal with Nelly is to relieve medical professionals from time-consuming administrative tasks and increase their job satisfaction. We are delighted to announce this milestone fund round which will support the expansion of our contemporary communication and secure payment platform for medical services. Our solution delivers proven benefits including reducing the risk of reminder fees, for example, via payment reminders by SMS and email," says co-founder and CEO Niklas Radner.

Nelly claims that by using its solution it could potentially reduce payment fees by 30% to 50% as its digital solution is significantly minimising expenses related to invoice creation, postage fees, and the current elevated costs associated with factoring.

"We are delighted to lead the Series A funding round for Nelly. It’s an exceptional health tech company revolutionising the landscape of digital communication and billing. With Nelly’s platform already empowering over 450 practices and benefiting more than 350,000 patients, digitising millions of crucial documents and invoices, we are truly excited about the transformative potential it holds for the healthcare industry," says Lakestar Partner, Oliver Heimes.

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