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HealPay spikes in revenues and clients, looks to expand

HealPay is locking down clients from a broad variety of industries, and the Ann Arbor-based startup has plans to pursue the biggest ones next year. The tech startup's platform helps bill collectors increase their accounts receiving by enabling users to pay what they owe faster and more efficiently. It started off by helping creditors collect debts owed through its Settlement mobile app. Now it is expanding to a broader range of billing agencies, such as landlords.

"We have widened our scope to include family law firms and bankruptcy attorneys," says Erick Bzovi, CEO of HealPay. "We have expanded more horizontally."

Which has allowed it to spike its revenue and number of clients. HealPay currently does about $10 million in transactions a month, which is double its amount from last year. It is also enjoying a consistent 10 percent bump in transaction per month. That growth has allowed the company to hire two software engineers, expanding its staff to six employees and a couple of independent contractors. HealPay is also looking for an intern.

Bzovi expects those numbers to spike even harder next year. HealPay is currently in talks with municipalities and utilities to handle billing for them as the startup continues to go after larger and larger clients.

"We are slowly getting into new verticals," Bzovi says. "Anybody who does billing would fit."

Source: Erick Bzovi, CEO of HealPay
Writer: Jon Zemke
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Related Company

  • HealPay
    Ann Arbor, MI 48105 Website
    HealPay is an innovative billing mobile application for collecting money based in Ann Arbor.