Affordable procedure loans funded by a community of investors.
MedFundr is an online peer-to-peer lending platform that connects uninsured patients seeking medical procedures with individual and institutional investors. Operating on a B2B2C model, we partner with medical providers—such as dental clinics, cosmetic surgery centers, and fertility practices—who integrate our financing option into their patient journey. Patients apply through a provider portal and receive loan offers funded by a community of investors seeking stable returns with social impact. Our proprietary credit scoring uses alternative data to assess risk, enabling approvals for near-prime borrowers often declined by banks. Revenue comes from a 3-5% borrower origination fee and a 1% investor servicing fee. With $25K+ seed capital, we develop a lean MVP, secure necessary state lending licenses, and initially target the $32B elective procedure market. By addressing the financial gap for 27 million uninsured Americans, MedFundr offers a transparent, lower-APR alternative to predatory medical credit cards, fostering both health access and investor confidence.
Rising healthcare costs and a 32% increase in the uninsured rate create urgent demand for alternative financing. The alternative lending market is booming with 29% CAGR, and regulatory frameworks are maturing, making this the ideal window to launch a niche P2P lending platform.
Consult with a fintech attorney to map state licensing requirements and incorporate the business.
Uninsured Americans needing elective medical procedures
Borrower origination fee (3-5% of loan amount) and investor servicing fee (1% of outstanding principal annually). Average $5,000 loan with 3-year term yields $250-$400 in fees. With a network of 10 clinics processing 20 loans/month, monthly revenue reaches $5,000-$8,000. Provider lifetime value is high as a single clinic can refer dozens of patients annually.
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