Scratch provides transparent medical financing through simple payment plans that do not impact credit scores. The platform enables medical practices to facilitate patient transactions, ensuring affordability and accessibility for necessary healthcare services.
Funding
$108.1M 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 struggle to afford necessary medical treatments and procedures due to high upfront costs and limited financing options. Traditional financing solutions may impact credit scores, creating a barrier to accessing healthcare for those who need it most.
Solution
Scratch provides accessible and transparent medical financing solutions through simple payment plans that do not affect credit scores. The platform connects patients with financing options ranging from 0% APR to 36% APR, allowing them to manage healthcare expenses through manageable monthly payments. Scratch offers payment plans from 12 to 36 month terms, with approved loan amounts ranging from $200 to $10,000, and requires a $15 down payment to obtain financing. Autopay enrollment is optional for all plans.
Target Audience
Scratch primarily targets individuals seeking affordable payment plans for medical, dental, or veterinary care expenses.
Features
- Payment plans ranging from 12 to 36 months with varying APRs based on credit profile
- Loan amounts from $200 to $10,000
- No impact on credit score for finding a plan
- Optional Autopay feature for automatic monthly payments
- No prepayment penalty
- $15 down payment required for financing