by Suman Gupta
Unofin, a healthcare-focused division of the fintech startup LoanTap, has partnered with makeO, India’s leading clinical beauty platform that includes the dental brand Toothsi and skincare brand Skinnsi. This collaboration aims to offer no-cost EMI solutions to customers at makeO’s 25 centers across India through LoanTap’s QR-based loan system.
Unofin was acquired by LoanTap in 2023 with the goal of providing affordable and accessible healthcare financing. By leveraging technology, Unofin transforms medical bills into manageable EMIs for customers and guarantees payments to healthcare providers within 24 hours.
With not just women, but men and younger women wanting to try cosmetic procedures, this partnership addresses the financial barriers that often prevent customers from accessing these treatments. It aligns with LoanTap’s vision of providing affordable healthcare financing across India through no-cost EMI solutions.
Soumya Arora, Senior Vice President at LoanTap, stated: “This partnership is a crucial step towards ensuring that affordable healthcare financing is within reach for everyone. Our goal is to leverage makeO’s customer base and LoanTap’s QR-based financing to create an ecosystem where each customer can get the treatment they need without financial worries.”
Pritesh Desai, Business Head at Toothsi, shared his thoughts on the partnership: “We are thrilled to partner with LoanTap. This collaboration aligns perfectly with our mission to make advanced dental and skincare treatments accessible to everyone. By removing financial barriers, we can ensure that our customers receive the best possible care without the stress of high costs usually associated with expert-led aligner and skincare treatments. We are excited to see the positive impact this partnership will have on many Indians, turning their smile and skin makeover dreams into reality.”
The cosmetic industry in India, particularly dental and skincare segments is experiencing significant growth. Rising awareness and the desire for aesthetic improvements are driving demand for advanced treatments. The involvement of celebrities like Virat Kohli and Anushka Sharma in endorsing these brands further amplifies their appeal and trust among consumers.
About LoanTap : LoanTap is one of the fastest-growing and most trusted fintech companies in the category with its in-house RBI-registered NBFC led by experienced leadership and a highly skilled team. LoanTap focuses on customer delight by helping them choose the best loan products from a portfolio of multiple products like personal loans, business loans, home loans, gold loans, loans against mutual funds, and many use-case loans. LoanTap has had a successful year expanding its distribution and AfterPay network in various sectors. Looking towards the future, LoanTap’s goal is to make credit more accessible to over 4 lakh merchants through their AfterPay network this year. LoanTap plans to achieve this goal by utilizing LTFLoW, their innovative LendTech platform. LTFLoW allows us to establish a roadmap towards profitable growth while creating a resilient digital lending ecosystem. With its anchor-led distribution stack, marketplace for capital coverage, and in-house NBFC, users of LTFLoW can continue to create innovative products and expand their reach.
