← Embedded Finance Index 2026

SPRY

Can an AI-native EMR + RCM platform become the single operating system for outpatient rehab clinics (PT/OT/SLP)?

Founded2021
HQWilmington, Delaware, United States
FoundersBrijraj Bhuptani, Riyaz Rehman
Total raised$25M
Latest roundSeries A2, $15M
IndustryVertical SaaS / Healthcare
The story

SPRY was founded in 2021 to modernize archaic physical therapy clinic workflows, replacing the 5-7 disparate point tools most PT clinics were stuck with. The company built an integrated EMR + RCM + patient engagement platform for outpatient rehab (PT, OT, SLP, chiropractic, pediatric, behavioral health). In 2026 SPRY leaned heavily into agentic AI — AI Scribe, AI Fax, Prior Authorization automation, and the SPRY MCP framework — positioning itself as the AI-native operating system for rehab clinics rather than another EMR.

Last 12 months
2026
Product timeline
2021
SPRY founded by Brijraj Bhuptani (former Ola CTO) and Riyaz Rehman to build an all-in-one EMR/RCM platform for physical therapy clinics.· pivot
2026
Launched SPRY MCP: Connected Workflows for Outpatient Rehab, expanding into agentic AI (AI Scribe, AI Fax, Prior Authorization, Scheduling Agent).· pivot
The stack
2 layers disclosed in SPRY’s embedded-finance stack
Payments / PSP
StripeSquareCloverFORTISCardConnectPaya
Money movement
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.