Wellness Platform Mindbody Launches Funding Arm To Fuel Industry’s Recovery
SAN LUIS OBISPO, United States – Wellness technology platform Mindbody officially rolled out its business financing tool Mindbody Capital this week, designed to provide wellness businesses with “simple, fast and transparent access to financing”.
The investment arm of the business will offer a similar financing solution as that developed by ecommerce platform Shopify and mobile payment company Square to prop up small businesses squeezed by shortfalls in cash flow.
Companies that participate in Mindbody Capital will receive non-recourse financing with a one-time capital fee, rather than loan subject to interest, which Mindbody believes makes it an offering unlike any other on the market.
Powered by fintech solutions company Parafin and accessed directly via the company’s software, the platform has already seen $2 million of interest-free funding accepted.Read More