Kiwi, a groundbreaking healthcare financial platform, announced its official launch, accompanied by a $10 million seed funding raise. With a mission to close the healthcare financing gap in Latin America, Kiwi empowers patients to access essential care and equips healthcare professionals with the tools to grow.
KiwiPay, or “Kiwi,”is a groundbreaking healthcare financial platform on a mission to close the healthcare financing gap across Latin America. Designed to serve both patients and healthcare professionals, Kiwi provides innovative financial tools from, “buy now, pay later” solutions for out-of-pocket medical expenses to a full banking platform that offers leasing and working capital products for healthcare professionals who are looking to grow their practice. Kiwi is poised to become the financial backbone of the healthcare ecosystem in the region. By addressing the widespread lack of private insurance and limited public healthcare spending, Kiwi is redefining how healthcare is financed in Latin America.
Apart from being a “buy now pay later” solution that finances out-of-pocket expenses at the point of sale, Kiwi offers a full banking platform that offers leasing products for healthcare professionals who aspire to bridge technological gaps and also financing solutions that improve cash flow management.
Lead investors for the raise include Tyler Johnson, CEO at HFD and General Partner at MVRK Capital, Beau Woodward, Director at HFD, General Partner at MVRK Capital and WDC Genesis, and Jacob Panero, Managing Partner at MVRK Capital and WDC Genesis. HFD is a leading financier of healthcare services in the U.S. and will significantly contribute to Kiwi´s development across Latin America. Johnson, Woodward and Panero sit on Kiwi’s board of directors. The raise includes $2 million in pre-seed equity financing and $8 million in debt financing for Peru, with a potential extension for Mexico.
The company is set to redefine the future of healthcare in the region by becoming the financial backbone of the entire ecosystem and reimagining banking for the healthcare sector. Kiwi addresses the critical issue of limited access to healthcare due to low private insurance penetration and inadequate public healthcare expenditure. This systemic gap forces millions to rely on out-of-pocket (OOP) payments to finance medical services, often resorting to predatory informal lending practices. Co-founded by Sebastian Chirinos and Gabriel Chirinos, Kiwi is poised to become the financial choice for patients who are taking steps to improve their health and for doctors who are looking to grow their practice.
Sebastian Chirinos, Co-Founder of Kiwi
“The numbers speak for themselves. In Latin America, there’s a $60 billion out-of-pocket market, a $20 billion medical equipment market and providers losing up to a third of patients due to lack of financing,” said Co-Founder Sebastian Chirinos. “Kiwi is built to address these clear market inefficiencies and unlock access to healthcare across Latin America.”
Kiwi provides a two-sided solution that addresses both patient access and medical provider economics. For patient financing, Kiwi offers accessible financing options, improving patient conversion and clinic revenues. For clinics, having access to medical equipment financing enables them to modernize their infrastructure and expand their capacity. In both cases, it uses a proprietary ML-powered risk model, that combines traditional variables with health-specific factors, providing an edge over traditional lenders.
Gabriel Chirinos, Co-Founder of Kiwi
“We are diligently working to improve the healthcare landscape in Latin America by providing innovative financial solutions that bridge the gap between patients and providers,” said Co-Founder Gabriel Chirinos. “With Kiwi, we are on our way to creating a more equitable and accessible healthcare ecosystem that works for everyone.”
Launching in Peru, Kiwi’s rapid traction is evident with 73 clinics already signed up as part of the Kiwi network across diverse specialties including dental, ophthalmology, fertility and esthetics, and with a robust pipeline of approximately 150 additional clinics in Peru slated for onboarding within the next two quarters. Building on this momentum, Kiwi plans to expand to other markets in Latin America, starting with Mexico in Q1 of 2026 as part of a joint venture with a leading group that holds a strong position in the health sector, targeting both the local healthcare industry as well as a rapidly growing segment of U.S. medical tourism. Further strategic expansions are planned for Central America, including Panama, the Dominican Republic, Guatemala and El Salvador.
Daniella Poppe, CEO of Kiwi Peru