Panacea
Little Rock, US · 2 known investors
Find your way into Panacea
Panacea Financial is a digital bank for doctors, dentists, and veterinarians that offers loans, banking, payments, and contract insights tailored to the stages of a medical career from training through retirement. It operates nationally in the United States, focusing on physicians early in their careers.
Also known as Panacea Financial · Panacea Financial Holdings, Inc.
Founders & leadership
Investors · 2
Company profile
researched Aug 2026Panacea (Panacea Financial Holdings, Inc.) is a financial technology company headquartered in Little Rock, Arkansas that provides financial services to physicians, dentists and veterinarians across all stages of their training and practice, as well as to doctor-owned practices. The company was founded by Michael Jerkins, MD, M.Ed., Ned Palmer, MD, MPH, and Tyler Stafford, CFA; Stafford serves as CEO and Jerkins as President. Panacea launched in November 2020.
The platform is vertically integrated across banking, lending, legal and advisory services, with products spanning student loans, practice financing and advisory offerings. Panacea uses a proprietary, AI-powered credit decisioning platform and specialty-focused underwriting tailored to doctors' income and debt profiles. In 2025 it launched a Digital Account Opening product built in-house on its proprietary fiSense platform, allowing physicians, dentists and veterinarians to open and fund accounts from mobile devices in under three minutes.
Panacea also operates a nonprofit arm, the Panacea Financial Foundation, which has provided more than $200,000 in scholarships and grants to underrepresented minority medical students, residents and fellows with the aim of expanding ethnic and racial diversity in the medical field.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 4
by search overlap
Companies competing with Panacea for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 3
launches, deals, and filingsPanacea extended its Series B to $62 million following an additional $37 million investment from Valar Ventures, bringing Valar's total equity investment in the company to $62 million.
$37M source ↗
Panacea built and launched Digital Account Opening software for physicians, dentists and veterinarians on its proprietary fiSense platform, enabling account opening and funding from mobile devices in under three minutes.
Panacea announced a $24.5 million Series B round with Valar Ventures as the sole institutional investor, to expand its team and broaden its financial platform for doctors.
$24.5M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 7
primary sources listed
- Panacea Financial Extends Series B To $62M From Valar Venturespanaceafinancial.com · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Panacea do?
- Financial technology company providing banking, lending and advisory services built for physicians, dentists and veterinarians.
- Who founded Panacea?
- Panacea was founded by Tyler Stafford, Michael Jerkins, Ned Palmer.
- Who are Panacea's investors?
- Panacea's investors include Hoxton Ventures, Valar Ventures Llc.
- Where is Panacea headquartered?
- Panacea is headquartered in Little Rock, US.