Scratchpay provides point-of-care financing across veterinary and human healthcare verticals, including dental and optometry. The company offers a single-dollar approval financing model (as opposed to credit limits) and follows a BNPL-like “care now, pay later” approach. Scratchpay is integrated into core patient health record systems and is expanding its product set to include digital invoices, appointment reminders and other patient communication tools. Founder John Keatley says the new funds will accelerate development of technology to help providers connect with clients and manage end-to-end patient experience. The company processes payments for both human and nonhuman patients and expects to have processed over $1 billion in patient payments across more than 10,000 practices by year-end. Interest rates on Scratchpay plans can reach the mid-20% range. Scratchpay is a Los Angeles-based company that provides mobile-first payment plans to finance veterinary care. The company leverages proprietary data elements, advanced machine learning models and alternative data sources to underwrite financing. Since launching in 2016, Scratchpay has enabled owners of over 70,000 pets to receive vital veterinary care and partners with more than 5,000 pet hospitals across all 50 U.S. states, Washington D.C., and nine Canadian provinces. The Series B equity will be used to invest in product development and to advance the company’s proprietary underwriting model. The debt portion of the round will support demand from pet owners by providing a $50M warehouse facility for financing capacity. Founders are John Keatley and Caleb Morse. Scratchpay Financial offers payment plans that allow pet owners immediate access to veterinary care. The company was co-founded in 2016 by John Keatley and Caleb Morse and is based in Los Angeles, CA. It partners with over 2,000 participating veterinary clinics. Scratchpay intends to use recent funding to continue developing its business and expand nationwide. The company won the $25k first-place prize at VMX Pet Project 2018. Its core product focuses on point-of-care financing for veterinary services.

Total raised

$106M

Funding rounds

4

Latest round

Series C

Latest activity

Sep 2022