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Scratchpay
Healthcare financing provider
- 21-100 employees
- Healthcare
- B2C
- B2B
- Lending
- Pets
- Financial Services
- Eagle Rock, Los Angeles, CA
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Company mission
Scratchpay's mission is to help more patients and pets get access to the care they need to live happy lives.
28% employee growth in 12 months
Our take
Access to healthcare for both humans and pets can often be unaffordable, but the nature of the situation means people are forced to find a way to pay. This often involves unfair lending rates or hidden fees within payment plans, a tactic that unfairly preys on those least able to afford it.
Scratchpay provides healthcare financing solutions for both human and pet healthcare, allowing customers to apply for payment plans across various time periods. The company provides its "Take 5" plan of five bi-weekly payments at zero percent interest, a plan which doesn't include hidden fees and is not subject to prepayment penalties or deferred interest.
The company has raised considerable funding which will be invested in developing new technology to help medical providers better connect with their clients and manage the end-to-end patient experience. Scratch is processing over $1 billion in payments annually, and is planning for further expansion as the popularity of buy now, pay later services continues to grow in the health care sector.
Freddie
Company Specialist at Welcome to the Jungle
Company values
- Caring - We really care about increasing access to medical care! In all we do, we prioritize the needs of our partners, customers, and colleagues
- Inclusive - We strive to ensure every person and pet has access to the care they need to lead happy, healthy lives
- Authentic - We like to keep it real. We’re driven by data, but inspired by our company values and vision
- Simple - In an industry as overly complex as financial services, we strive to make our products simple, clear, and user-friendly
- Focused - We can do anything, but we can’t do everything. By staying focused, we can aim higher and move faster
Funding (last 2 of 5 rounds)
Sep 2022
$35m
SERIES C
Sep 2020
$0.8m
EARLY VC
Total funding: $58.9m
This company has top investors
Leadership
John Keatley
(CEO)Experience as Director of Financial Planning & Analysis, Vice President of Finance, and CFO of Green Dot Corporation from 2004 to 2013. CFO of Klarna from 2013 to 2015.
Caleb Morse
(President)Senior Analyst of FP&A & Revenue and Senior Director of Banking Operations for Green Dot Corporation from 2007 to 2012. Experience as CFO and Head of Growth for Meridith Baer Home.