SpendCare, Inc. Raises $320K Pre-Seed Funding

SpendCare, Inc. has successfully secured $320,000 in new investment capital from investors. The company focuses on providing a specialized flexible spending card program built exclusively for Programs of All-Inclusive Care for the Elderly (PACE) organizations. This funding round marks a pivotal moment for the company as it prepares to expand its innovative solution. SpendCare addresses a critical need within the elder care sector by empowering PACE participants with personalized benefits and the freedom to choose where they shop for essential items required to age comfortably at home. As the first program of its kind tailored specifically for PACE, SpendCare offers organizations a streamlined way to implement a co-branded flexible spending card program. This includes no minimum volume or participant requirements, immediate card availability, and the ability to set personalized benefits and spending rules that directly align with each participant’s individual care plan. This new investment is significant for SpendCare as it provides the necessary capital to accelerate its strategic growth initiatives. The funds will be primarily allocated towards enhancing its proprietary technology platform, expanding its operational capabilities, and scaling its outreach to more PACE organizations nationwide. This investment underscores strong confidence in SpendCare’s specialized model and its potential to drive meaningful improvements in benefit delivery for seniors. With this financial backing, SpendCare is poised to strengthen its market position and continue its mission to empower PACE organizations with efficient, participant-centric tools. The company anticipates continued growth as it focuses on broadening access to flexible spending solutions, ultimately fostering greater independence and choice for seniors within the PACE program.