FinTech Startup Seeking Loan in Cairo, Egypt
|Run Rate Sales||USD 240 thousand|
|EBITDA Margin||30 %|
|Local Time||2:16 PM Egypt|
|Listed By||Business Owner / Director|
Startup offers financial support to patients who undergo surgery related to dermatology, dental and bariatrics. When a patient visits a clinic, we make the entire payment for the surgery and then the patient pays us back in installments within 12 months. We have established tie-ups with clinics in Egypt who promote our service to the patients. Since we are a startup, we promote our brand and financial services through social media marketing and cold calls. We do not require any special regulatory approval / license to conduct our business activity.
Before offering our financial support to a patient, we do a complete background verification and legal checks including income, bank balance, identity and address. We sign a legal agreement with each patient. Since inception, we have received enquiries from 100 patients of which 4 patients have used our financial service. We currently have 30 clinics in our network but our business has the potential to on-board more than 2,000 clinics.
We are currently managing the entire operations manually and are in the process to develop a mobile app to streamline the operations. In order to generate revenue, patients as well as the clinics are charged 10-20% commission. In addition, clinics are also charged a yearly subscription fee.
Our startup is yet to be registered. We are currently billing customers in the parent company's name. After raising funds, we would register the startup under a new legal entity. Founder of the business has 5 years of experience in software and healthcare industry. We have raised capital of more than USD 150K.
Providing loans to patients who undergo cosmetic operations.
Our office, computers, laptops, furniture and systems.
Earlier than 15 daysPartner, Cosmetics And Perfumes, Cairo, Corporate Investor / Buyer connected with this business
Earlier than 15 daysExecutive Director/CEO, Administrative Consultants, Port of Spain, Individual Investor / Buyer connected with this business