# Stedi

> Stedi is an API-first, cloud-native healthcare clearinghouse that sits between providers and payers to move essential transactions - eligibility checks, claims, claim status, and electronic remittances - as programmable API calls instead of legacy batch files. Founded in 2017 by Zack Kanter, who came to EDI through an auto-parts business, Stedi rebuilt clearinghouse plumbing from scratch for the API and AI-agent era. It connects to thousands of U.S. payers, processes more than a billion transactions annually, and has raised $142 million from investors including Stripe, Addition, USV, and First Round.

- **Founded:** 2017
- **Headquarters:** New York, New York, United States (remote-first)
- **Founders:** Zack Kanter (Founder & CEO)
- **Team size:** Approximately 90-125 employees (distributed / remote)
- **Products:** Eligibility Checks, Claims Submission, Claim Status, Electronic Remittances (ERA), Transaction Enrollment
- **Notable:** Raised $142 million total across Seed through Series C, Processing more than 1 billion claims and eligibility transactions annually, Grew paying customers ~6x and billed transactions ~7x year over year

## Products & services

- **Eligibility Checks** — Real-time and batch API and web portal to verify patient insurance eligibility and benefits across thousands of U.S. payers.
- **Claims Submission** — APIs to submit and manage professional, institutional, and dental claims (837P, 837I, 837D) to thousands of payers, with instant validation and edits.
- **Claim Status** — Real-time claim status APIs to track submitted claims and automate follow-up.
- **Electronic Remittances (ERA)** — Retrieve and reconcile electronic remittance advice and payment data programmatically.
- **Transaction Enrollment** — Automated enrollment workflows for connecting to payer networks for ERAs and claims.
- **Stedi Apps** — Prebuilt integrations that bring Stedi's clearinghouse into EHR and revenue cycle management platforms.

## Achievements

- Raised $142 million total across Seed through Series C
- Processing more than 1 billion claims and eligibility transactions annually
- Grew paying customers ~6x and billed transactions ~7x year over year
- Connected to 3,400+ U.S. payers via a single API
- Named one of Ramp's fastest-growing vendors twice within 10 months - the first non-AI company on the list in five months
- Maintained ~6.7 minute median support response time with 100% human responses while support volume grew 6.4x

## Latest updates

- **2026-03** — Announced a $50M Series C led by Addition, bringing total funding to $142M; disclosed 6x customer and 7x transaction growth and 1B+ annual transactions.
- **2025-09** — Announced a $70M Series B co-led by Stripe and Addition to build the only AI-enabled clearinghouse.
- **2026-02** — Monthly transaction volume exceeded the entire first half of 2025 combined.

## Links

- Website: https://www.stedi.com
- LinkedIn: https://www.linkedin.com/company/stedi-inc
- Twitter/X: https://twitter.com/stediinc
- GitHub: https://github.com/Stedi
- Facebook: https://www.facebook.com/StediInc/

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Profile page: https://yespress.io/stedi
Published by YesPress — https://yespress.io
Last updated: 2026-07-10