“We know that the last thing a pet owner needs in a time of distress is a complicated loan or credit product with confusing terms. That's why Scratchpay has straightforward closed-end payment plans with fixed interest rates and equal payments.”
View Original Article
“The $15 million in equity will be used to fund new technology and product development as well as make key new hires, such as a general counsel....The remaining $50 million in debt, provided by Credit Suisse, will be used to expand Scratchpay’s lending capacity as it continues to grow its client base.”
View Original Article
“Our product is different in that we aren’t deciding on a $5,000 line of credit...we are approving you for a single transaction for a single procedure, so that risk we are taking is boxed. We have to decide if you can pay off this $1,000 in 12 months — that gives us an edge in the types of risk we can take.”
View Original Article
"Scratchpay has facilitated thousands of procedures for animals in need, who otherwise would be euthanized....With integration in 1 out of every 10 vet facilities in the U.S. and world class strategic investors like Mars Petcare, Scratch has achieved tremendous impact."
View Original Article
The Nilson Report is the most respected source of news on and analysis of the global card and mobile payment industry. The publication does not accept paid advertising of any kind. For more information on Scratchpay Savings, visit: scratchpay.info/savings
View Original Article
"Scratchpay and Green Dot Bank announced on Wednesday a partnership to create a new kind of bank account to help pet parents save for expensive visits to the veterinarian."
View Original Article
"Our clinic has a vested interest in growing alongside the next generation of tech loving pet parents and Scratchpay truly is a “next gen” financing solution. That is why, despite my staff and I being familiar with a variety of third-party and in-house financing options, I decided that my clinic would only offer Scratchpay."
View Original Article
"The company announced the expansion by telling the story of an eastern Canadian pet owner whose dog needed a kidney stone removed. The owner, Sheldon Hancock of Goose Bay, Newfoundland, is Scratchpay’s first Canadian account holder. He took Mia, a Maltese Yorkie mix, to Valley Veterinary Clinic."
View Original Article
"LendIt Fintech USA 2019 is the World’s leading event in financial services innovation. The Customer Alignment award will be presented on April 9th to the company that has demonstrated strong alignment with their customers so that in all circumstances they win only when their customers win."
View Original Article
"Just a year after Scratchpay won the Pet Project Innovation Award—and a $25,000 prize—at the 2018 Veterinary Convention & Expo, the company now serves pet owners in all 50 states."
View Original Article
"John Keatley is the Co-Founder and CEO of Scratchpay, a point-of-sale lender that aims to help pet owners quickly obtain affordable financing for veterinary care. John was formerly CFO for two different fintech “unicorns”, Green Dot and Klarna. He received an MBA from Harvard and an AB in Physics from Princeton University."
View Original Article
“Besides being yet another opportunity to help our customers get care for their furry family members, the major benefit of our new payment option is that it will never negatively impact the borrower’s credit score with a hard inquiry, unlike a medical credit card,” said John Keatley, CEO of Scratchpay."
View Original Article
“We will continue to invest heavily in the technology that drives our underwriting and provides a simple and frictionless experience for our clinics and pet parents,” said John Keatley, CEO and co-founder of Scratchpay."
View Original Article
“As the standout pitch of Pet Project 2018, Scratchpay will receive a $25,000 cash prize and critical feedback to help accelerate their idea into a thriving business.”
View Original Article
"Scratchpay, which helps veterinary clients pay for pet health care, joined a small number of companies that offer so-called pawternity leave. Industry giant Mars Petcare, for example, grants 10 hours of paid leave when an employee gets a new pet."
View Original Article