TempoPay
TempoPay provides interest-free, fee-free healthcare financing via a Visa debit card, with payroll-integrated repayment, sold to employers, benefits brokers, and health plans. It operates as a subsidiary of HPS/PayMedix.
- Company typePrivate
- Founded2022
- HeadquartersMilwaukee, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What TempoPay does
TempoPay, Inc. is a U.S.-based healthcare fintech founded in 2022 that provides interest-free, fee-free financing for out-of-pocket medical, dental, vision, and pharmacy expenses through a Visa-branded debit card issued by TransPecos Banks, SSB. Employees of participating employers receive a revolving healthcare payment account with no credit checks; repayment occurs via payroll deduction or personal bank transfer on a flexible schedule. The core platform is augmented by TempoPay Rx, a card-based financing module launched in April 2025 specifically for prescription medications.
The company operates a B2B2C model targeting three primary buyer segments: employers (who pay subscription/quote-based fees for employee access), benefits brokers and consultants (who recommend TempoPay as a differentiated offering), and health plans, payers, and third-party administrators (TPAs) that embed TempoPay into plan designs). Distribution occurs through direct sales, broker channels, and embedded health plan partnerships (e.g., Texicare and Healthcare Management Administrators). Pricing is quote-based, scaled by eligible employees, individual spending limits, and category scope, with a stated 2–4 week launch timeline.
TempoPay is a wholly-owned subsidiary of HPS/PayMedix, a Milwaukee-based healthcare payments company that acquired it in August 2024. TempoPay leverages HPS/PayMedix's 15+ years of healthcare payments experience and over $7 billion in cumulative medical payments processed. The parent closed a $33 million growth financing (HLM Investment Partners equity + Escalate Capital Partners debt) in January 2026 to accelerate national expansion of the combined platform. Headcount is reported at 11–50 employees, and the company is headquartered in Milwaukee, Wisconsin.
TempoPay firmographics
Firmographics- Name
- TempoPay
- Legal name
- TempoPay, Inc.
- Website
- https://tempopay.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- TempoPay provides interest-free, fee-free healthcare financing via a Visa debit card, with payroll-integrated repayment, sold to employers, benefits brokers, and health plans. It operates as a subsidiary of HPS/PayMedix.
- Ownership category
- akta.pro rank
TempoPay industry classification
Industry- Product category
- Healthcare Financing
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (52512)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)
Keywords
Where TempoPay is headquartered
LocationHeadquarters
- HQ city
- Milwaukee
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
TempoPay business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Employer Subscription/B2B Fees: TempoPay generates revenue by charging employers for providing the benefit to their workforce. Employers pay for access to the TempoPay platform and the interest-free financing provided to employees. The company handles all lending, repayments, and support, removing risk from employers.
- Healthcare Transaction Processing: Revenue generated from processing healthcare transactions when employees use the TempoPay Visa debit card at healthcare providers, pharmacies, and other eligible medical service locations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based pricing for employers and benefit advisors |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
TempoPay product offering
Product offeringCore offering
TempoPay provides interest-free healthcare financing to employees through a mobile app and Visa debit card, with repayments automatically deducted from payroll. Employers and health plans purchase the platform as an employee benefit, while employees gain immediate access to revolving funds for medical, dental, vision, and pharmacy expenses without credit checks, interest, or fees. The offering includes a specialized prescription financing product called TempoPay Rx.
Product overview
TempoPay offers a healthcare financing platform consisting of its core product and specialized modules. The core TempoPay platform is an interest-free healthcare payment account delivered via a Visa debit card that helps employees manage out-of-pocket healthcare costs by providing immediate access to funds with flexible repayment through payroll or bank account. TempoPay Rx is a specialized add-on module focused specifically on prescription drug financing. Both products operate without credit checks, interest, or fees, and are designed to integrate with employer benefits and health plans to improve employee access to care.
Differentiator
Problem solved
Functional benefit
Products and services
- TempoPay Core Platform A flexible healthcare payment account providing employees with interest-free funds to pay for medical, dental, pharmacy, and other healthcare expenses not covered by insurance. Employees receive a Visa debit card for immediate access to funds and repay over time through payroll deduction or personal bank account with no interest, fees, or credit checks.
- TempoPay Rx A specialized financing solution for prescription medications that helps employees access and afford prescription drugs. Provides interest-free financing specifically for pharmacy expenses including medications not covered by insurance, with flexible repayment options through bank account or payroll deductions.
Quantifiable outcome
- HPS/PayMedix study shows inpatient hospital care 8% lower than national averages and employer medical trend increases nearly 40% lower than national average for members using the financing solution
- +2 more outcomes
Companies that use TempoPay
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
TempoPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
TempoPay partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Healthcare Management Administrators (HMA)coreHMA, a leading third-party administrator based in Bellevue, Washington that designs and manages self-funded health plans, partnered with TempoPay to offer flexible healthcare payment options to their employer customers. The partnership enables HMA to expand access to interest-free healthcare financing for members, helping self-funded employers advance affordability and plan performance while giving employees a better way to manage out-of-pocket costs.
- TexicarecoreTexicare, an Austin, Texas-based health plan company serving small businesses, partnered with TempoPay to provide members access to $1,500 in interest-free financing for healthcare expenses. The partnership enhances Texicare's health plan offerings and opens access to small businesses across Texas, allowing employees to access healthcare when they need it and manage costs in a way that works for them.
- TransPecos Banks, SSBcoreThe TempoPay Visa Debit Card is issued by TransPecos Banks, SSB, Member FDIC, pursuant to a license from VISA U.S.A. Inc. TransPecos Banks provides the banking infrastructure and FDIC insurance backing for the TempoPay debit card program.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
TempoPay competitors and assessment
Company assessmentDirect peers
- CareCredit (Synchrony Financial): Synchrony Financial's healthcare financing arm offering promotional and interest-bearing credit cards for medical, dental, and veterinary expenses. Directly competes with TempoPay for healthcare payments at point of care, though CareCredit charges interest/promotional fees whereas TempoPay is interest-free.
- PatientFi: PatientFi offers patient financing for elective medical procedures (cosmetic, dental, veterinary). Comparable financing structure for healthcare expenses but focused on elective/self-pay procedures rather than employer benefit programs.
- PayMedix (HPS): PayMedix is TempoPay's sister product under HPS/PayMedix, providing healthcare financing for providers and patients with consolidated billing. Highly comparable in mechanism (interest-free medical payment plans) but targets providers and consolidated billing rather than employer-sponsored employee accounts.
- Paytient: Paytient provides employer-sponsored healthcare payment accounts that allow employees to pay out-of-pocket medical expenses over time via payroll deduction. Closest direct competitor to TempoPay in the interest-free, payroll-integrated healthcare financing category.
Emerging players
- Lively: Lively is a modern HSA provider with employer-sponsored accounts and integrated debit cards. Comparable in the consumer-facing healthcare payments UX and employer benefit distribution, though HSA-funded rather than interest-free financing model.
- PayTheory: PayTheory offers interest-free payment solutions for healthcare providers and consumers with payroll/ACH integration. Comparable business model for healthcare affordability, though typically provider-facing rather than employer-sponsored.
Broad incumbents
- WEX Health (WEX): WEX Health provides benefits administration platforms including COBRA, HSA, FSA, and consumer-directed healthcare accounts. Comparable as a TPA-like infrastructure layer for employer benefits, but broader portfolio rather than focused healthcare financing.
- Optum Financial (UnitedHealth Group): Optum Financial operates one of the largest HSA/banking and benefits-finance platforms in the US. Comparable as a broad incumbent providing employer benefits infrastructure including healthcare payment accounts, though embedded in UnitedHealthcare's payer ecosystem.
- HSA Bank (Webster Bank): HSA Bank administers HSA, FSA, and HRA accounts for employers and health plans with integrated debit cards. Comparable employer benefit infrastructure for managing pre-tax healthcare funds, though tax-advantaged rather than interest-free financing model.
- HealthEquity: HealthEquity administers HSA, FSA, HRA, and commuter accounts for employers. Overlaps with TempoPay's positioning as a voluntary employee benefit addressing out-of-pocket healthcare costs, though the consumer-funded account model differs from TempoPay's interest-free employer-subsidized financing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
TempoPay social profiles
Digital presenceTempoPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
TempoPay leadership team
Management profileNumber of profiles
Profiles10 records
TempoPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TempoPay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TempoPay
What does TempoPay do?
TempoPay provides interest-free healthcare financing to employees through a mobile app and Visa debit card, with repayments automatically deducted from payroll. Employers and health plans purchase the platform as an employee benefit, while employees gain immediate access to revolving funds for medical, dental, vision, and pharmacy expenses without credit checks, interest, or fees. The offering includes a specialized prescription financing product called TempoPay Rx.
Is TempoPay a public or private company?
TempoPay is a private company. It is classified as corporate owned and is currently operating.
When was TempoPay founded?
TempoPay was founded in 2022. It employs 1 to 10 people.
Where is TempoPay based?
TempoPay is headquartered in Milwaukee, United States, in the North America region.
How does TempoPay make money?
Two revenue lines are on record. Employer Subscription/B2B Fees are the primary driver. The others are healthcare Transaction Processing.
Who are TempoPay's main competitors?
Direct peers on record are CareCredit (Synchrony Financial), PatientFi, PayMedix (HPS) and Paytient. Emerging players are Lively and PayTheory. Broad incumbents are WEX Health (WEX), Optum Financial (UnitedHealth Group), HSA Bank (Webster Bank) and HealthEquity.
Does TempoPay have an API?
No public API is recorded for TempoPay.
What industry is TempoPay in?
TempoPay's product category is Healthcare Financing. Its primary akta.pro industry code is HLAEALAK, Flexible Benefits Administration (FSA/HSA/HRA). Its NAICS code is 524292 and its SIC code is 6324.