“Can an AI-native, vertical financial OS replace the bank, back office, and front desk for independent medical practices?”
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.
Nitra discloses Stripe as its banking provider, with Cross River Bank, N.A., Fifth Third Bank, N.A. and Evolve Bank & Trust as its sponsor banks, according to the Embedded Finance Index 2026.
Nitra does not disclose a bank charter of its own; its banking services are provided through Cross River Bank, N.A., Fifth Third Bank, N.A. and Evolve Bank & Trust.
Nitra processes payments through Stripe. Disclosed money-movement rails: ACH.
Nitra's cards run on Visa.
Nitra's lending and capital products are provided by Nitra Capital (in-house).
Nitra integrates with QuickBooks Online, QuickBooks Desktop, Xero, NetSuite and Sage Intacct.
The Embedded Finance Index 2026 maps 8 layers in Nitra's stack: Payments / PSP (Stripe); Money movement (ACH); Banking / BaaS (Stripe); Card network (Visa); Lending (Nitra Capital (in-house), Nitra Card credit line (underwritten on practice revenue), Nitra Capital (working capital, equipment financing), Insurance factoring / claims financing and 1 other); Sponsor bank (Cross River Bank, N.A., Fifth Third Bank, N.A. and Evolve Bank & Trust); Accounting (QuickBooks Online, QuickBooks Desktop, Xero, NetSuite and 1 other); Spend / AP (Nitra (self-operated)).
Nitra was founded by Tim Hwang and Jonathan Chen and is founded in 2021, headquartered in New York, NY, United States.
Nitra has raised $205M (total capital); $90M total equity in total (latest round: Series B, 2026).
Get a read on where your own stack stands against Nitra and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.