Panacea Financial: Funding, Investors & Team (Oct 2026)
Panacea is a financial services company created for doctors, by doctors that provides tailored product offerings and service delivery designed specifically for physicians, dentists, and veterinarians throughout their career: from school, through training, and into practice. Panacea’s products cover the full suite of banking needs for this unique population, including PRN personal loans, student loan refinancing, and practice loans.
Panacea Financial has raised $61.5M across 2 funding rounds on record, the most recent a Series B of $37.0M announced in Jul 2025.
That round is above the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Panacea Financial Company Profile and Key Stats
Latest funding round on record: Jul 2025.
Panacea Financial Funding Rounds
Panacea Financial raised $24.5M in a Series B announced in Jan 2024.
1.5 years later, a Series B of $37.0M was announced in Jul 2025.
Panacea Financial Founders and Leadership Team
Contact details for the Panacea Financial team: 1 of 1 has an email address on file.
Start 14-day free trial →Panacea Financial Funding Compared to Other Financial Services Startups
Panacea Financial's latest round of $37.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Panacea Financial Funding FAQs
What does Panacea Financial do?
Panacea is a financial services company created for doctors, by doctors that provides tailored product offerings and service delivery designed specifically for physicians, dentists, and veterinarians throughout their career: from school, through training, and into practice. Panacea’s products cover the full suite of banking needs for this unique population, including PRN personal loans, student loan refinancing, and practice loans.
How much funding has Panacea Financial raised?
Panacea Financial has raised $61.5M across 2 rounds on record. The most recent is a Series B of $37.0M announced in Jul 2025.
When did Panacea Financial last raise funding?
Panacea Financial's most recent funding round on record is a Series B of $37.0M, announced in Jul 2025.
Who founded Panacea Financial?
FundedIQ lists Michael Jerkins (Founder) at Panacea Financial.
Where is Panacea Financial headquartered?
Panacea Financial is based in Little Rock, Arkansas, United States.
How many employees does Panacea Financial have?
Panacea Financial is in the 11-50 employee band.
How does Panacea Financial's funding compare to other Financial Services startups?
Panacea Financial's latest round of $37.0M is above the $15M median round size for Financial Services companies on FundedIQ across 5,752 tracked companies over the last two years.
About FundedIQ's Panacea Financial Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Panacea Financial is left off this page rather than filled in.
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