Mend is a digital platform that facilitates access to healthcare financing in Latin America, allowing patients to pay for medical procedures in installments without requiring a credit card. By connecting users with a network of clinics and specialists, Mend addresses the financial barriers to necessary surgeries, offering flexible payment plans of up to 24 months.
Funding
$400K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals in Latin America lack access to credit cards or traditional financing options, creating a barrier to affording necessary medical procedures and surgeries. This financial constraint often delays or prevents patients from receiving timely medical care.
Solution
Mend provides a digital platform that connects patients in Latin America with a network of clinics and specialists, enabling them to finance medical procedures through installment plans without requiring a credit card. Patients can apply for financing in minutes and choose payment plans of up to 24 months. Mend streamlines the payment process for both patients and healthcare providers, ensuring that more people can access the medical care they need. The platform automates monthly payment collection via debit or credit card.
Target Audience
Mend primarily targets individuals in Mexico and Latin America seeking financing options for medical procedures who may not have access to credit cards or traditional loans, as well as clinics and specialists looking to expand their patient base by offering flexible payment options.
Features
- Digital application process for financing medical procedures, taking approximately 5-10 minutes
- Payment plans available in 6, 12, 18, or 24-month terms
- Network of vetted clinics and specialists offering a range of medical procedures
- Automatic monthly payment collection via debit or credit card
- Transparent fee structure with a fixed commission for installment plans, ranging from 15% for 6 months to 60% for 24 months
- Digital portal for managing payment schedules and account information