Buy now, Pay later (BNPL) business models have exploded in prominence in recent times. However, the model has been applied less to the enterprise space. At the same time, two-thirds of all personal bankruptcies in the US are caused by medical debt.
In response, Nibble Health has created an enterprise healthcare payments platform. Employers can provide their people with zero-interest, zero-fee healthcare financing as an employee benefit.
The startup is focused on providing world-class service to its first cohort of employers and continuing to build its team.
While the vision is certainly worthy, the startup is still dealing with lending. The startup must be careful in managing the credit it provides, especially in turbulent macroeconomic times.
Freddie
Company Specialist at Welcome to the Jungle