Fairly Capital: the clinics got a product too

Fairly Cash went live in May for the temps. Within about a week the clinics started asking the obvious question, which was some version of: that is lovely, where is ours?

Today it exists. Fairly Capital is live for eligible dental clinics on the platform.

What a clinic gets

Funding up to $100,000, approved in under 24 hours on average, with one flat fee and no interest. Early repayment is allowed and costs nothing extra. Repayment runs on automatic recurring debits, so there is nothing to diarise.

No hard credit pull. A soft review plus the clinic's own activity and history on Fairly is what decides eligibility and the amount.

What they spend it on is their business, and it turns out to be exactly what you would expect from people running a practice: a new chair, an extra operatory, a hygienist they want to hire before somebody else does, a marketing push, or simply the working capital to get through a heavy month.

Why a staffing platform is a good place to do this

Because Fairly already knows how a clinic actually operates. Not what a form says about them. How often they staff, how reliably they pay, how their year moves, whether they are growing.

A bank sees a dental clinic. Fairly sees this dental clinic, and has been watching it work for two years.

That is the whole thesis of embedded capital in one example, and it is why the approval takes under a day instead of three weeks: the underwriting question was answered by the platform's own records before anybody asked it.

What Fairly had to build

Not an underwriting model. Not a funding facility. Not a collections team.

They designed the experience, decided where it appears, and chose which clinics ever see it. Slate does the rest: scoring, the money, the servicing, the compliance, and the loss if one goes bad. It is Fairly's product with our engine under it, in their brand, on their domain.

Two products now, one integration, for two completely different customers on the same platform. The temps get their shift value early; the clinics get a real amount of capital in a day. Same data, same plumbing, same afternoon of engineering.

The pattern

Every vertical platform we talk to has this shape hiding in it: two sides of a marketplace, both of them short of money at predictable moments, and a pile of data that already answers the question.

If that sounds like your platform, we will show you what your book looks like before you write any code.