According to filings with the U.S. Securities and Exchange Commission, True Medicine is raising $10,101,113.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Justin Mares played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About True Medicine
TrueMed is a payments tool (think PayPal for HSA/FSA) that allows health + wellness brands to accept HSA/FSA funds. We are partnering with leading health and wellness brands such as CrossFit, Magic Mind, and DB Method to drive increased AOV (30%+ for many leading merchants), retention (40% increase in month 2 retention) and LTV. Our implementations are simple (official Shopify payments app/code snippets) and take less than 30 minutes to install with no engineering on the merchants side. Our goal is to unlock the $150B in HSA/FSA funds for wellness brands, and make it easy for customers to spend tax-free dollars on their health. We developed this company in close connection with the White House point person on HSA/FSA policy, key members of Congress and metabolic health leaders such as Dr. Mark Hyman.

To learn more about True Medicine, visit http://truemed.com/

Contact:
Justin Mares, Chief Executive Officer
213-584-5014
https://www.linkedin.com/in/justinmares/

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.