Tabeo, a software company that facilitates payments for dentists and veterinary practices, has secured a forward flow agreement worth $750 million from Fortress Investment Group. This agreement enables Tabeo to focus on software innovation while Fortress purchases the consumer loans originated by Tabeo. According to CEO Paul Ebert, this structure permits Tabeo to maximize finance application flow without worrying about funding certainty. Ebert highlights Tabeo’s technology-driven differentiation from traditional lenders, emphasizing its seamless integration with practice management systems and financial regulations compliance. The company serves 6,000 dental practices in the UK, but aims to expand its reach across Europe and into the US. Ebert remains confident about Tabeo’s competitive edge due to its unique business model, existing network, and significant barriers for potential new entrants.
Private Equity, Financial Technology (FinTech), Healthcare Services,United Kingdom, European Union, United States
https://www.fortress.com/media/2024-09-04-an-interview-with-tabeo-ceo-paul-ebert-reshaping-payments-in-primary-care-in-the-uk