Headlines Scratchpay Raises $6.4M Published 2 years ago on June 20, 2018 By PETS+ Staff Share Tweet LOS ANGELES — Scratchpay Financial, a veterinary care-focused financial technology company, has secured a $6.4 million Series A funding round. The round was led by Companion Fund, which is described in a press release as “the first venture capital fund focused on pet care innovation.” Scratchpay “helps more pets get access to the care they need with simple and friendly payment plans for veterinary services that benefit clinics and pet owners alike,” according to the release. It plans to use this funding to fuel growth in the U.S. and expand internationally. TTV Capital, Struck Capital and SWS Venture Capital, the investment arm of Green Dot Corporation founder Steve Streit, also participated in the round. “53 million pets today aren’t able to get the care they need as costs continue to increase even faster than human healthcare costs — and that’s the problem we’re aiming to solve,” said John Keatley, CEO and co-founder of Scratchpay. “Our mission is to remove the financial barriers that prevent pets from getting care, and as we continue to pursue that, we’re thrilled to have the validation and support of these pre-eminent venture firms, along with Mars Petcare.” Advertisement Since launching in 2016, Scratchpay “has helped tens of thousands of pets receive vital veterinary care through its mobile-first financing platform that offers transparent plans with no hidden fees or deferred interest, and without impacting their owners’ credit score when they compare payment options,” according to the release. Scratchpay serves more than 2,000 pet hospitals with its payment plans. Drew Taylor, partner with Digitalis, which manages Companion Fund, said: “With the veterinary industry reaching nearly $20 billion in the U.S. alone, the market opportunity is huge for companies like Scratchpay that can find ways to make vets’ lives easier. Our goal with Companion Fund is to bring to light new startups that have the potential to reshape the pet care industry — fast-tracking innovation and driving change across the $100 billion global pet market. Scratchpay is one such startup poised to grow and make a real impact in the lives of pets, pet owners and vets.” Related Topics:charityScratchpay click to Comment(Comment) Advertisement You may like Dare to Suck and Other Tips for Bettering Your Business NYC Groomer ‘The Dogfather of Harlem’ Helps Cash-Strapped Pet Owners Through the Pandemic A Kansas Store’s Work with a Nonprofit Leads to a Valuable New Hire Promoted Headlines Category Spotlight: Terry Naturally® Animal Health Category Spotlight: eTailPet Are You Ready For Adventures Beyond The Backyard? Tall Tails Advertisement Latest Trending Videos Photo Gallery8 hours ago Get Inspired by These Chew Displays at Indie Pet Stores Press Releases23 hours ago Lightspeed Unlocks New Revenue Stream for North American Retailers with the Launch of Subscriptions Press Releases23 hours ago Zesty Paws Names New CFO True Tales5 days ago Employees: Leave Your Pot at Home to Keep Your Job Columns1 week ago How Beer Helped Me Promote My Pet Business Columns1 week ago 3 Things Customers Want and Need from Pet Businesses Trace's Store School2 days ago Video: Trace’s Store School Covers Lessons Learned from COVID-19 America's Coolest2 weeks ago Video: Take a Tour of Bark Life in Seminole, FL Trace's Store School3 weeks ago Video: Learn How to Do Holiday on a Budget at Trace’s Store School Advertisement SubscribeBULLETINS Get the most important newsand business ideas from PETS+. Advertisement Most Popular True Tales5 days ago Employees: Leave Your Pot at Home to Keep Your Job Columns1 week ago How Beer Helped Me Promote My Pet Business Columns1 week ago 3 Things Customers Want and Need from Pet Businesses Photo Gallery5 days ago 19 Photos That Show Why Dexter’s Deli Is One of America’s Coolest Pet Stores Headlines1 week ago Yelp to Flag Businesses Accused of Racism With ‘Consumer Alerts’ Photo Gallery4 days ago New Edibles for Cats, Vegan Bars for Dogs and Toys for the Holidays [GALLERY] Columns4 days ago 4 Tips for Negotiating the Best Lease for Your Pet Business Real Deal1 week ago How Do You Handle Know-It-All Customers in Your Store?