Nitra
“Can an AI-native, vertical financial OS replace the bank, back office, and front desk for independent medical practices?”
Founded2021
HQNew York, NY, United States
FoundersTim Hwang, Jonathan Chen
Total raised$205M (total capital); $90M total equity
Latest roundSeries B, 2026
IndustryVertical SaaS / Healthcare
The story
Founded 2021 as a healthcare-focused fintech, Nitra launched with a Visa business card for medical practices in 2022. Over 2024-2025 it expanded aggressively into an all-in-one 'financial home' for independent medicine — bill pay, accounting automation, expense management, lending, and a medical supplies marketplace. In 2026 the company repositioned as an AI-native operating platform around Trina, its AI assistant, and committed $20B in financing to independent practices.
Product timeline
2021
Nitra founded to build modern financial products for healthcare practices.· pivot
2022
$62M seed round; launched Visa Business Card for physicians.· card
2024
Expanded into BillPay, Accounting automation, Expenses, and NitraMart marketplace.· banking
2025
Revenue grew 740%+, surpassed $1B in annualized processing volume.· banking
2026
Raised $187M across Series A/B, venture debt, warehouse facility; launched Trina AI and Future of Care Initiative ($20B financing commitment).· lending
The stack
7 layers disclosed in Nitra’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Card network
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: none
16 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.