iCare Financial Corp

What iCare Financial Corp does

iCare Financial Corp is a privately held US patient financing company founded in 2006 and headquartered in Atlanta, Georgia, with 51-100 employees. The company provides no-credit-check, 0% interest financing programs to dental, medical, and veterinary practices, with a more recent extension into automotive service financing. Its core technology is a cloud-based portal through which licensed providers enroll patients at the point of service in roughly 60 seconds; the platform then collects monthly payments from patients while guaranteeing providers full payment via direct deposit within two business days.

iCare generates revenue through flat, non-compounding, non-deferred administrative fees added to patient treatment costs — not through interest or a take-rate — with the fee passed directly to patients as part of their monthly payment plan. Its patented "No-Nonsense" program is positioned as the only no-credit-check instant-approval patient financing product of its kind in the US, and is sold through a multi-channel GTM motion spanning outside sales reps, direct mail, email, Facebook advertising, referral consultants, and a dedicated DSO (Dental Service Organization) enterprise sales motion targeting multi-location practices.

The company serves four primary vertical segments — dental practices, DSOs, medical practices, and veterinary practices — plus an end-consumer/patient persona and a newer automotive service vertical. Customer concentration is low, built on a long tail of small SMB providers across more than a dozen US states, with anchor volume from a handful of multi-location DSOs. iCare holds a BBB A+ accreditation and operates a charitable partnership with Project Main Street donating $1 per processed consumer plan toward ALS patient grants.

Name

iCare Financial Corp

Legal name

iCare Financial Corp

Website

https://icarefinancialcorp.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

iCare Financial Corp is a privately held US patient financing company founded in 2006 that offers no-credit-check, 0% interest financing programs to dental, medical, veterinary, and automotive service providers through a cloud-based portal and flat administrative fees.

Ownership category

akta.pro rank

Product category

Patient Financing Services

NAICS

Sales Financing (52222)

SIC

Hospital & Medical Service Plans (6324)

akta.pro primary industry

Healthcare & Medical POS Financing (FSAKAFAI)

akta.pro secondary industry

Medical & Healthcare Personal Loans (Unsecured Installment) (FSAKAAAF)

Keywords

• Patient financing services
• Healthcare payment plans
• Veterinary financing programs
• Dental practice financing
• Medical credit assistance

Headquarters

HQ city

Kennesaw

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others, Infrastructure

Revenue model

1. Administrative Fee Revenue: iCare generates revenue through flat administrative fees added to patient treatment costs. Providers receive full payment for services rendered with no percentages or charges deducted. The administrative fee is non-compounding, non-deferred, and passed directly to patients as part of their payment plan.
2. DSO Partnership Revenue: Revenue from partnerships with Dental Service Organizations (DSOs) running multiple locations. DSO providers generate additional revenue through the financing program, with iCare earning administrative fees on processed plans.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

iCare Financial Corp provides a patented, no-credit-check patient financing program for dental, medical, veterinary, and automotive service practices. Providers enroll patients at the point of service through an online portal; iCare charges a flat, non-compounding administrative fee added to patient treatment costs and pays providers the full amount via direct deposit within two business days, with 100% payment guarantee and no recourse.

Product overview

iCare Financial Corp operates a patient financing platform consisting of multiple vertical-specific programs: the core Dental Patient Financing Program, Medical Patient Financing Program, Veterinary Patient Financing Program, and DSO Financing Program (which includes the iCare Ortho add-on for orthodontic treatments). The company also offers Consumer/Patient Financing as a direct-access option and Automotive Service Financing. All programs feature no credit check requirements, instant approval, 0% interest with flat administrative fees, direct deposit payments within 2 business days, and 100% payment guarantee to providers. The platform uses a patented and proprietary system centered on affordable monthly payment options for patients who cannot afford upfront treatment costs.

Differentiator

Problem solved

Functional benefit

Brands

• iCare Ortho: Custom orthodontic program for DSO markets and locations offering flexible payment plans for braces and orthodontic treatments.

Products and services

• Dental Patient Financing Program A no-credit-check patient financing solution for dental practices offering instant approval, 0% interest, flat administrative fees, customizable monthly payments, and full payment direct-deposited to providers within two business days. Designed for general, cosmetic, implant, and specialty dental treatments.
• Medical Patient Financing Program A no-credit-check patient financing solution for medical practices offering instant approval, 0% interest, flat administrative fees, and 100% payment guarantee to providers. Designed for elective, cosmetic, and other medical procedures patients cannot afford upfront.
• Veterinary Patient Financing Program A no-credit-check patient financing solution for veterinary practices offering instant approval and 0% interest financing to help pet owners afford emergency and ongoing pet medical care. Aimed at reducing financial euthanasia decisions caused by upfront cost barriers.
• DSO Financing Program A patient financing program specifically designed for Dental Service Organizations managing multiple locations. Features cloud-based portal management, centralized revenue reporting, and includes the iCare Ortho sub-program for orthodontic treatments. Targets DSOs with 50 to 150+ locations seeking additional revenue across the enterprise footprint.
• iCare Ortho A custom orthodontic financing program within the iCare DSO Financing Program tailored for orthodontic markets and DSO locations, offering flexible payment plans specifically designed for braces and orthodontic treatment packages.
• Consumer/Patient Financing A direct-to-consumer no-credit-check payment plan option that allows individuals to access financing through licensed iCare providers for dental, medical, veterinary, and automotive services.
• Automotive Service Financing No-credit-check monthly installment financing for automotive repair services, enabling consumers to pay for vehicle repairs over time through licensed automotive service providers enrolled in the iCare program.

Quantifiable outcome

• Dental providers generate $80,000 to $350,000 additional revenue per year.
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Project Main StreetminorStrategic or Co-development Partner · 1 December 2014iCare Financial partners with Project Main Street, a non-profit organization founded by Tim Sheehy (who passed away from ALS in 2007) to help ease the financial burden on ALS victims. For each consumer plan processed, iCare donates $1 towards Project Main Street's mission of issuing grants to help individuals with ALS.
• Travelers Rest Animal HospitalcoreChannel Partner/ Reseller/ DistributorFull-service accredited animal hospital in Travelers Rest, South Carolina, nominated as 2021 AHA Hospital of the Year. The practice uses iCare's payment plan to make veterinary care accessible and affordable for pet-owning families. Partnership has increased referrals and customer satisfaction.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PatientFi: Patient financing platform purpose-built for elective medical and dental practices with practice-branded payment plans. Directly comparable vertical focus (dental/medical) and provider-distribution model.
• Proceed Finance: Patient financing company targeting dental and healthcare practices with installment plans for elective procedures. Comparable provider-side distribution model and patient installment product.
• CareCredit (Synchrony Financial): The dominant patient financing platform in dental, medical, and veterinary, offering credit-card-based financing with promotional terms. Directly comparable to iCare's core offering; iCare's own materials position CareCredit as the complementary incumbent they compete against.
• Sunbit: Point-of-sale financing company focused on healthcare, automotive, and home services, offering no-hard-credit-check options and serving dental and veterinary practices. Closest direct peer in approach (soft-pull, merchant-side onboarding) and verticals served.
• Alphaeon Credit (now part of RevSpring): Patient financing program originally focused on elective healthcare, dental, and ophthalmology through provider offices. Directly comparable provider-channel patient financing in elective verticals iCare serves.

Broad incumbents

• Affirm: Large-scale BNPL/point-of-sale lender with growing footprint in elective healthcare and dental. Comparable mechanism (consumer installment at point of sale) but broader retail focus and significantly larger scale.
• Klarna: Global BNPL provider expanding into healthcare verticals. Comparable point-of-sale installment model serving merchants and consumers, but operates at much broader scale and across many retail categories.
• Citizens Bank Healthcare Financing (formerly OneMain patient financing): Established consumer and patient lender offering healthcare and dental installment financing through provider networks. Comparable point-of-care financing model, with the backing and scale of a large bank.

Emerging players

• Rectangle Health: Healthcare payments and patient financing technology serving dental and medical practices. Overlaps with iCare in provider-side financing tooling and dental vertical focus, though broader in payments functionality.
• Walnut (healthcare financing): Healthcare-focused financing platform offering patient payment plans for elective and out-of-pocket medical procedures. Comparable healthcare-only focus and provider-channel distribution, with earlier-stage scale than iCare.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/icare-financial

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iCare Financial Corp