LoanHero Announces Partnership With LaserAway
Marketplace lender and laser hair removal provider team up to provide financing for procedures at the point of sale
SAN DIEGO, Feb. 25, 2016 /PRNewswire/ -- LoanHero, Inc., the leading online marketplace lender for consumers at the merchant point of sale, and LaserAway, the leader in the aesthetics industry for hair removal, tattoo removal, body contouring & skin rejuvenation, today announced a partnership to provide the most reasonable financing options for clients.
This partnership represents LoanHero's first of several collaborations in the alternative medicine vertical. While LoanHero works with all merchants to provide loans for consumers at the point of sale, this partnership opens up new, low-cost financing to clients who may not otherwise have the ability to pay for procedures upfront.
"We are the best service for all non-invasive cosmetic procedures," said Todd Heckmann, owner of 23 LaserAway locations throughout the west coast. "On average, a new client spends $1300 for their first service, and 50% require financing. The new innovative financing we can offer through the LoanHero technology mirrors the innovative technology that sets us apart in our industry."
LoanHero recently raised $4.2 million in equity funding to grow its lending operation, and has already made thousands of loans to consumers in the five states it currently serves. Through this partnership, LoanHero intends to grow its lending footprint in the alternative and elective healthcare vertical.
"We are excited to already see significant demand from this meaningful partner," said Steve Connolly, LoanHero CEO. "Elective medicine is a fast growing opportunity for point of sale finance, and LoanHero sees this industry as key to our company's growth."
LoanHero continues to strategically partner with merchants to provide financing to consumers at the point of sale, and provides financing across multiple verticals including furniture, auto repair, home improvement, and alternative health.
Read more about this partnership.
LoanHero has developed an innovative loan origination platform that brings marketplace lending to the point of sale. LoanHero provides better financing options for consumers purchasing goods and services, including furniture, home improvement, auto repair, and elective healthcare. Through the integration of strategic lending partners complementing their own balance sheet, LoanHero is able to offer instant decisions and the most competitive loan product available for prime to sub-prime consumers, all on one streamlined platform. LoanHero is an EvoNexus portfolio company located at 4225 Executive Dr, La Jolla, CA 92037. To learn more about LoanHero and stay up to date on future updates, visit www.loanhero.com.
Since 2006, LaserAway has been driven by customer satisfaction and treatment results, and has expanded its hair and tattoo laser removals services to include body contouring & skin rejuvenation. LaserAway is the fastest growing company in the industry because of one simple reason: they've mastered the science of smooth skin. Learn more at www.laseraway.com.
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