Wisdom
AI-powered revenue cycle management for dental practices.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | $21.0m | Series A | |
| Total Funding | 000k | ||
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Wisdom provides a full-service, AI-powered revenue cycle management (RCM) platform for dental practices. The company was founded in 2023 by CEO Stoyan Kenderov, Chief Dental Billing Officer Ashley Bond, and Co-Founder Matt McDonough. Kenderov brings over 25 years of experience in technology and product leadership from roles at Plastiq, LendingClub, and Intuit. Bond previously founded the nationwide service Bond Dental Billing, an experience that grew out of managing her father's dental practice. McDonough formerly served as VP of Product at Olive, focusing on healthcare automation.
The company's business model combines its proprietary AI technology with a team of U.S.-based billing experts to manage insurance collections, verification, and patient billing processes. This hybrid approach aims to solve major administrative burdens for dental offices, a market where over $20 billion in earned revenue goes uncollected annually. By outsourcing these tasks, Wisdom enables dental teams to focus on patient care while improving financial outcomes. The company serves independent practices and small dental groups, offering services like claims submission, payment posting, and managing aging accounts receivable. Clients have reportedly seen up to a 50% reduction in collection costs and a significant decrease in accounts receivable over 90 days.
Since its inception, Wisdom has secured $28 million in total funding, including a $21 million Series A round led by Permanent Capital Ventures with participation from Aquiline and existing investor Juxtapose. This capital is intended to enhance its technology platform and expand its market presence. The company has received industry recognition, including being named a Top Dental Billing Company by Healthcare Business Review and winning a 2025 Dental Innovator Award from DentalIQ.
Keywords: dental revenue cycle management, dental billing services, AI in dentistry, healthcare fintech, insurance collections, patient billing software, dental practice management, claims management, insurance verification, accounts receivable services, dental financial solutions, healthcare automation, Stoyan Kenderov, Ashley Bond, dental billing outsourcing, RCM platform, dental practice efficiency, dental administration, healthcare billing AI, dental payment processing