Stedi

Stedi

Automates B2B EDI data exchange APIs

Overview

Stedi provides a B2B data-exchange platform that automates EDI-based transactions using APIs for real-time healthcare workflows like eligibility checks and claims processing across thousands of payers. It works as a cloud platform with real-time APIs, dashboards, and simple import of EDI specs, offering secure access, multi-region redundancy, and automated failover to ensure 99.9% uptime. It differs by prioritizing high availability and easy integration with guided setup and dedicated engineering support, along with broad payer coverage. Its goal is to make reliable, scalable, and easy-to-integrate EDI data exchange for businesses, especially in healthcare.

About Stedi

Simplify's Rating
Why Stedi is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Series C

Total Funding

$122.4M

Headquarters

New York City, New York

Founded

2017

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Simplify's Take

What believers are saying

  • Stedi’s March 2026 Series C raised $50M, bringing total funding to $142M.
  • Management said paying customers grew 6x and billed transactions grew 7x year over year.
  • Planet DDS partnered with Stedi on June 15, 2026, expanding dental medical-claims adoption.

What critics are saying

  • Availity still owns 95%+ U.S. payer connectivity and enterprise workflows as of 2026.
  • Change Healthcare and Optum remain entrenched incumbents with deeper distribution and payer contracts.
  • Usage-based pricing invites margin compression; a 2022 layoff round shows prior demand shocks hit hard.

What makes Stedi unique

  • Stedi’s June 2026 pay-as-you-go plan removes minimums and exposes production APIs instantly.
  • Its August 2026 Payer Network lists 3,667 payers across eligibility, claims, and status.
  • Stedi bundles MCP, Agent, Slack support, and self-serve enrollment for builders.

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Funding

Total Funding

$122.4M

Above

Industry Average

Funded Over

5 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Meet Average

Industry standards

$50M
$50M
Medium
$50M
Stedi
$62M
SeatGeek
$100M
Oura

Benefits

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

3%

2 year growth

1%
Stedi
Aug 12th, 2026
Spotlight: Liam Hale McCarty @ verified.

Spotlight: Liam Hale McCarty @ verified. A spotlight is a short-form interview with a leader in health tech. In this spotlight, you'll hear from Liam Hale McCarty, founder and CEO of Verified. Stedi help companies onboard real people faster. With little to no patient input, Stedi can autofill their verified name, address, birthday, and health insurance - so in less than 30 seconds they're ready to receive care. It's like magic! I run Verified with my brother Aidan. Over half of its family works in healthcare, so Stedi always wanted to offer a healthcare version of its product, but Stedi didn't initially know what that would look like. Over time, healthcare providers started using its 1-Click Signup product to autofill signup info, and they asked if Stedi could also autofill health insurance and eligibility info. That was its cue: a few months of intense effort later, Stedi launched its 1-Click Health product. By far the highest friction step in patient onboarding is asking for their health insurance. Many patients don't know who their payer is, and no one remembers their member ID, so they have to find their health insurance card in their wallet and manually type in the details. It's frustrating and error prone. Stedi autofill all of a patient's info, including their active health insurance and eligibility info, so they have a frictionless experience - and so the provider receives all the details they need to bill successfully. Healthcare providers will marvel at the fact that, in the dark ages, they had to ask patients to manually enter all of their info and health insurance. In the future, it will be table stakes for providers to autofill everything for the patient, so the focus can be on care, not form filling.

Stedi
Jun 1st, 2026
Introducing pay-as-you-go pricing.

Introducing pay-as-you-go pricing. Jun 1, 2026 Stedi, Inc is introducing a new pay-as-you-go pricing plan. With the new pay-as-you-go plan, you get a full production account (including API and SFTP access) and only pay for the transactions you use, with automatic volume discounts and no monthly minimums, setup fees, or per-provider/location fees. Previously, API and SFTP access was only available with a $500 monthly minimum plan. That minimum priced out startups, practices, and solo developers who wanted to move from prototype to production without a commitment. Sandbox and production accounts. Every new Stedi account now starts as a free sandbox account, limited to test mode, and can be upgraded to a production account via self-service. Sandbox accounts let you run mock eligibility checks and test the claims workflow without sending real transactions. Developers and coding agents can build and test their Stedi integration in a free sandbox account using test API keys or a test SFTP. When they're ready to move to production, they can upgrade in account settings and swap in a production API key. Production accounts can process unlimited transactions with real payers on one of two pricing plans: * Pay as you go: 100% usage-based pricing with automatic volume-based discounts. * Custom: Discounted usage rates for customers with high transaction volume. You also get enterprise features like SSO, SCIM, and consolidated billing for integrated accounts. Existing Stedi accounts stay on their current pricing plans by default and can switch to a pay-as-you-go or custom plan at any time by contacting Stedi support. How pay-as-you-go pricing works. The pay-as-you-go plan uses tiered pricing. For most transactions, the per-transaction rate drops as your monthly volume grows. When you sign up for the pay-as-you-go plan, you add a credit card and fund an initial Stedi account balance, starting at $100. Each transaction draws down the balance at the rate for its pricing tier. See its pricing page for an estimator and full breakdown of each tier. Stedi automatically tops up your balance when it drops below a trigger you set. For example, you can top up your balance to $100 whenever it falls below $25, the minimum trigger. Your balance rolls forward month to month. At the end of each month, Stedi sends an invoice that covers your monthly usage. If you send zero transactions in a month, you pay nothing. Free features. The following features are free on all production plans: * Unlimited user seats and providers * 277CA claim acknowledgments * Transaction enrollment, including its Transaction Enrollment API * Payers API, its searchable, programmatic payer list * The Stedi MCP server for AI agents * Stedi Agent Every Stedi customer also receives real-time support over Slack, Microsoft Teams, and email. Its average response time is less than ten minutes during business hours. Sign up for a free sandbox account. It takes less than two minutes. No credit card is required. When you're ready to send production transactions, upgrade to the pay-as-you-go plan. Start free with a sandbox account. Upgrade to production when you're ready. There are no monthly minimums or setup fees. You only pay for the transactions you use. See its pricing.

FinTech Collective
Mar 27th, 2026
Stedi raises $50M Series C led by Addition for healthcare transactions clearinghouse

New York-based Stedi, a healthcare transactions clearinghouse, has raised $50 million in Series C funding led by Addition.

Stedi
Mar 24th, 2026
Announcing Stedi’s $50 million Series C - Stedi

Stedi has raised a $50M Series C led by Addition, bringing total funding to $142M, to continue building the only healthcare clearinghouse for agentic RCM.

Stedi
Aug 14th, 2025
Announcing Stedi’s $70 million Series B to build the only AI-enabled clearinghouse - Stedi

Stedi is announcing two major milestones: $70M Series B funding co-led by Stripe and Addition, with participation from other top investors.

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