Credcompare

Credcompare, founded in 2019 by Asaf Moses, Gil Krause, and Aviram Shmuely, operates as a financial technology company headquartered in New York City. The leadership team brings significant entrepreneurial and technical experience to the firm; CEO Asaf Moses previously founded FitAnalytics, a company acquired by Snap, while CTO Gil Krause possesses a background in the BigTech industry. The company was established to address a key inefficiency in the point-of-sale (POS) financing market, particularly within elective healthcare, where providers were often limited to a single lender, leading to lower patient approval rates and less favorable terms.

The firm's core business revolves around a multi-lender marketplace platform designed for healthcare providers. This platform enables merchants, such as dental, cosmetic, veterinary, and fertility clinics, to offer their patients a variety of financing options from a network of competing lenders. The business model generates value for multiple parties: merchants benefit from increased case acceptance rates and lower average financing costs, lenders gain access to a streamlined flow of applicants, and patients receive more choices for funding their healthcare procedures. By integrating with practice management CRMs, Credcompare streamlines the application process for both staff and patients.

The product is an AI-backed loan engine that delivers personalized financing offers to patients at the point of care. When a patient requires financing, they submit a single, simple application through the platform. Credcompare's system then sources offers from its network of prime, near-prime, and sub-prime lenders, presenting the patient with multiple plans to choose from, with terms ranging from 3 to 96 months. A key feature is the use of a soft credit check, which ensures that applying for financing options does not negatively impact the applicant's credit score. Once a patient selects an offer, the funds are electronically transferred to the healthcare provider, typically within two business days.

Keywords: patient financing, healthcare finance, point-of-sale lending, multi-lender platform, medical loans, cosmetic surgery financing, dental financing, veterinary loans, fertility financing, elective healthcare payments, POS financing, loan aggregation, FinTech, healthcare affordability, patient payment solutions, merchant financing services, credit marketplace, AI loan engine, healthcare credit, patient affordability