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# Nelly raises €50 million for its fintech-healthcare platform
- URL: https://www.embeddedfinancereview.com/nelly-raises-eu50-million-for-its-fintech-healthcare-platform/
- Published: 2025-01-18T14:32:00.000Z
- Updated: 2025-11-05T14:32:41.000Z
- Description: German fintech-healthcare startup Nelly raises €50M led by Cathay Innovation for Patient Experience Platform. How vertical fintech is transforming outdated medical practice workflows.
- Author: Lars Markull
- Tags: News, Nelly, Healthcare, Embedded Payments, Embedded Lending, Germany, Embedder

**What happened:** The German startup Nelly has announced a new funding round led by Cathay Innovation and Notion Capital ([PYMNTS](https://www.pymnts.com/news/investment-tracker/2025/nelly-raises-52-million-to-expand-healthcare-platform-in-europe/?%5Fbhlid=8c51935017662ad46b288bb79d30c9d5f580f8ac&ref=embeddedfinancereview.com)). Nelly operates at the intersection of fintech and healthcare. They describe their offering as a “Patient Experience Platform” and Financial Operating System (FinOS) that enables medical practices to streamline workflows and provides patients with a fully digital experience.

**My comment:** I spoke with Nelly’s cofounder Niklas Radner in [our podcast episode](https://www.embeddedfinancereview.com/niklas-radner-co-founder-nelly-the-intersection-of-healthcare-and-fintech/), last year. Technically, Nelly is not a non-financial brand and is more of a fintech company. This means Nelly is not a pure embedded finance player; however, it is fascinating how they have leveraged non-financial features to build their vertical fintech company (listen to the podcast!).

In recent years, I have looked at a few players who wanted to enter the fintech-healthcare intersection. Due to its size and outdated technology, this market is highly attractive, but figuring out an actual value-add for medical practices and a strong GTM strategy is crucial. A €50 million round indicates that Nelly is on the right track, and I wonder how this market will continue to change over the following years.