Episode 14: Finding Profit by Financing Smiles
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“We’re really a fintech company, and that’s where we’re disrupting the market. We make it really easy for that dental office employee or treatment coordinator to just push a link to the person’s email address or phone. They complete the application while they’re sitting in the chair, they’re presented offers right there on the spot. A credit decision takes about three to five seconds.”
About the Interview
Elective cosmetic healthcare such as orthodontics are a big business, but not everyone can afford to pay cash. In this episode, Scott Griest explains how his business lets doctors and dentists offer a quick approval for loans to consumers who want to pursue these types of procedures. These loans serve a need for patients wanting to go ahead with a procedure and also provide an attractive return to the investors who fund the loans.
Scott Griest
Chief Operating Officer, PrimaHealth Credit
Scott Griest is a sales-focused executive who has led multiple high-growth startups in the technology and financial services sectors. In addition to being an established entrepreneur and executive, he is an investor in several LA tech startups and a current board advisor for LEND360. As the Chief Operating Officer of PrimaHealth Credit Mr. Griest is responsible for leading sales, account services, and loan servicing operations.
Previously, Mr. Griest was the founder and CEO of American Finance Solutions, a merchant cash advance operation that twice earned a place on the Inc. 5000 list. He successfully sold the business to Rapid Capital Funding, which was later acquired by North American Bancard and renamed Bambu Finance. While at Bambu Finance Scott managed both a sizable direct sales operation as well as affiliate sales representatives.
Earlier, Mr. Griest was the co-founder and COO of Consolidebt, a consumer finance company that served the underbanked, which was acquired by Resolve Processing. Prior experience also includes marketing and management posts at Salesmation (a company co-founded by PrimaHealth Credit founder Brendon Kensel), Saatchi & Saatchi, and Isuzu North America.
