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Bridge Bank Extends $10MM Growth Capital Term Loan to Zipari

November 27, 2019, 08:45 AM
Filed Under: Technology

Bridge Bank announced it has extended a growth capital term loan to Zipari, a growth-stage technology company that offers the first and only consumer experience platform built specifically for health insurance. Zipari recently launched their CX Engagement Hub which prioritizes goals based on value and measures ROI of consumer engagement. The term loan will provide growth capital to further supplement Zipari's recent and abundant growth, and comes on the heels of a $15MM equity raise.

"We're thrilled to advance our relationship with Bridge Bank through this credit facility," said Mark Nathan, founder and chief executive officer of Zipari. "2019 has been a year of tremendous growth for Zipari – we've expanded our client base, solution offerings and talent. This credit facility will allow us to continue to help our payer clients enhance the consumer experience through the development of new and existing solutions like our CX Engagement Hub, which enables health plans to improve the health of their members."

"Zipari is fast-growing and recognized that Bridge Bank has the expertise and structuring abilities, to provide our clients with the best, flexible financial solutions," said Brendan Carr, associate vice president in Bridge Bank's Technology Banking Group. "We look forward to building a strong relationship and to their continued growth and success in the healthcare industry."

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