Panacea Financial
Panacea Financial provides specialized banking and lending services for doctors and medical students. The company has raised $62M in funding and employs 88 people.
The growth story
Panacea Financial grew from 20 to 88 employees between 2021 and 2026, raising $62M along the way, most recently a Series B in July 2025.
About
Panacea Financial offers checking, savings, and loan products tailored to the financial needs of doctors and medical students. Its services address common challenges like student debt and cash flow issues faced by medical professionals.
The company has raised $62M in funding, including a Series B round in July 2025 led by Valar Ventures. With 88 employees, it has built a team focused on serving the financial needs of the medical community.
Founders and leadership
Panacea Financial's largest function is sales, with 6 employees in that department. The company is led by a team with financial services expertise, though specific leadership details are not provided.
The Panacea Financial org chart
Tyler Stafford, CFA (CEO & Founder) leads 47 mapped leaders with 6 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Finance 16 (-20% YoY), Healthcare Services 11 (+10% YoY), Operations 7 (+133% YoY), Sales 7 (+17% YoY), Marketing 6 (+20% YoY), Information Technology 6 (+20% YoY).
Talent flow
The company recruits heavily from major banks, with Wells Fargo (13 hires), KeyBank (6), and PNC (5) being top sources. Alumni have moved to roles at U.S. Bank, First Commonwealth Bank, and Wells Fargo Healthcare Practice Finance. Employees have a median tenure of 2 years.
Most common previous employers of Panacea Financial staff: Wells Fargo (13), KeyBank (6), PNC (5), Bank of America (4), UMB Bank (4), TD (4). Former Panacea Financial employees most often moved to U.S. Bank (2), First Commonwealth Bank (1), Wells Fargo Healthcare Practice Finance (1), Powers Household (1), First Orion (1), GRI Institute (1).
Alumni worth knowing
Web traffic
Traffic mix: 37% direct, 46% search, 0% social, 1% paid.
What this company is made of
Most common skills at Panacea Financial: Customer Service (25), Sales (23), Banking (23), Leadership (23), Management (20), Microsoft Office (19), Communication (17), Credit (16).
Where the team actually sits
Panacea Financial people are concentrated in United States (5), Ohio, United States (5), Texas, United States (4), Arizona, United States (4).
Search footprint
Panacea Financial attracts about 19,240 organic search visits a month, traffic worth roughly $179K a month if bought through ads. It gained 2,937 ranking keywords and lost 2,974 in the last period.
Frequently asked
Panacea Financial has 88 employees as of September 2026.
Panacea Financial has raised $62M in total, most recently a Series B round in July 2025.
Panacea Financial was founded in 2020 by Tyler Stafford, CFA, Michael Jerkins MD, M.Ed.
Tyler Stafford, CFA (CEO & Founder) sits at the top of Panacea Financial's reporting structure, with 6 direct reports.
The most common previous employers of current Panacea Financial staff are Wells Fargo (13 people), KeyBank (6 people), PNC (5 people).
Former Panacea Financial employees most often move to U.S. Bank (2), First Commonwealth Bank (1), Wells Fargo Healthcare Practice Finance (1).
Panacea Financial attracts about 19,240 organic search visits a month, worth roughly $179K a month in equivalent ad spend.
The most common skills among Panacea Financial staff are Customer Service, Sales, Banking, Leadership, Management.
Panacea Financial staff are concentrated in United States (5), Ohio, United States (5), Texas, United States (4).
Panacea Financial has about 16 people in Finance, down 20% over the past year, as of September 2026.
Panacea Financial has about 11 people in Healthcare Services, up 10% over the past year, as of September 2026.
Computed from 69 current and 16 former Panacea Financial profiles, as of September 2026. Source: Crustdata.
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