Pycap Welcomes Canadian Medtech Startup SMYLS to its Venture Portfolio

Pycap Adds Canadian Medtech Company SMYLS to its Venture Portfolio

Pycap has made an early-stage investment in SMYLS, a Canadian healthtech company focused on simplifying uninsured and block billing for family physicians.

The investment represents a minority equity position and provides Pycap with exposure to a Canadian-founded software company addressing a practical operational challenge in primary care.

About SMYLS

SMYLS is a cloud-based SaaS platform designed to help family physicians and clinics manage uninsured and block billing more efficiently. The platform enables clinics to create invoices quickly, automate recurring services, and accept payments through integrated digital channels.

Founded in Canada after the co-founder observed first-hand the administrative burden uninsured billing placed on physician practices. SMYLS was built to reduce manual processes and allow clinics to spend less time on administration and more time on patient care.

Key features include:

• Rapid digital invoicing and payment collection

• Automated block billing and service renewals

• Customizable pricing and service configurations

• Secure cloud-based infrastructure

SMYLS is headquartered in Toronto, Ontario, with operations supporting physician practices across Canada.

Pycap’s Involvement

Pycap looks forward to supporting SMYLS as it continues to grow and expand its offering within the Canadian healthcare ecosystem.