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NEWS
Mindbody unveils Mindbody Capital to help power wellness industry's recovery
POSTED 13 Apr 2022 . BY Megan Whitby
Businesses that participate in Mindbody Capital receive non-recourse financing with a one-time capital fee Credit: Shutterstock/hedgehog94

We knew we could do even more to help our customers recover and accelerate their growth as we exit the pandemic
– Josh McCarter
Industry tech business Mindbody has launched Mindbody Capital, an offering designed to provide wellness businesses with easy access to funding.

"As we watched our industry overcome the pandemic, Mindbody dedicated our resources to support our customers with fee relief, advocacy efforts and enhanced educational resources. We knew we could do even more to help our customers recover and accelerate their growth as we exit the pandemic," said Josh McCarter, CEO of Mindbody and ClassPass.

"Almost a third of Mindbody customers plan to expand their business into more locations in the next 12 months. Supporting these businesses in funding their growth is just one of the many ways Mindbody Capital can help the wellness industry rebuild."

Mindbody statistics show the wellness industry is not only rebounding but expanding.

Data from ClassPass, part of the Mindbody portfolio, reveals that in-person reservations are up 27 percent since December 2021.

Additionally, February 2022 saw the most ClassPass reservations since February 2020. Looking to the future, 55 per cent of Mindbody fitness customers estimate that attendance will be back to 100 per cent of pre-pandemic levels by December 2022.

Now, Mindbody customers can take advantage of Mindbody Capital – powered by fintech solutions company Parafin – directly through the Mindbody software.

Businesses that participate in Mindbody Capital receive non-recourse financing with a one-time capital fee.

Additionally, funding provided through Mindbody Capital is paid back based on a flat percentage of future sales with no minimum payments.

"When I had the idea to found Yoga London, I knew one of my largest barriers would be funding the operation while I introduced the concept to my community,” said Favad Malik, founder of Yoga London.

“I chose to fund my business through Mindbody Capital because of its ease, accessibility and efficiency. Rather than a lengthy process required by traditional funding options, Mindbody Capital presented me with a reliable, pre-approved offer that could be funded as soon as the next day.

"This access to capital has been game-changing in helping my business thrive through the ability to expand as needed, run day-to-day operations and deploy creative strategies."
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  FEATURE: Spa software: Staff retention


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  State of the Spa and Salon Industry Report 2021 reveals challenges and opportunities


Mindbody has published the 2021 edition of its annual State of the Spa and Salon Industry Report, highlighting how spa and salon businesses have evolved since the start of the pandemic and giving predictions of consumer trends that will impact the future of the sector.
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Open water swimming venue launched in London's Canary Wharf
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Record-breaking 140 countries to celebrate World Wellness Weekend 2022
This year’s World Wellness Weekend (WWW) will be the largest to date, reaching over 140 countries and involving over 4,000 venues, including spas, gyms and a range of other wellness, tourism and hospitality destinations.
Voya releases Cancer Wellness Training for spa therapists
Irish marine spa and skincare brand Voya is offering a new Cancer Wellness Training Programme as part of its in-house spa Training Academy offering.
Remembering Olivia Newton-John – a champion of wellness
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News   Products   Magazine
NEWS
Mindbody unveils Mindbody Capital to help power wellness industry's recovery
POSTED 13 Apr 2022 . BY Megan Whitby
Businesses that participate in Mindbody Capital receive non-recourse financing with a one-time capital fee Credit: Shutterstock/hedgehog94
We knew we could do even more to help our customers recover and accelerate their growth as we exit the pandemic
– Josh McCarter
Industry tech business Mindbody has launched Mindbody Capital, an offering designed to provide wellness businesses with easy access to funding.

"As we watched our industry overcome the pandemic, Mindbody dedicated our resources to support our customers with fee relief, advocacy efforts and enhanced educational resources. We knew we could do even more to help our customers recover and accelerate their growth as we exit the pandemic," said Josh McCarter, CEO of Mindbody and ClassPass.

"Almost a third of Mindbody customers plan to expand their business into more locations in the next 12 months. Supporting these businesses in funding their growth is just one of the many ways Mindbody Capital can help the wellness industry rebuild."

Mindbody statistics show the wellness industry is not only rebounding but expanding.

Data from ClassPass, part of the Mindbody portfolio, reveals that in-person reservations are up 27 percent since December 2021.

Additionally, February 2022 saw the most ClassPass reservations since February 2020. Looking to the future, 55 per cent of Mindbody fitness customers estimate that attendance will be back to 100 per cent of pre-pandemic levels by December 2022.

Now, Mindbody customers can take advantage of Mindbody Capital – powered by fintech solutions company Parafin – directly through the Mindbody software.

Businesses that participate in Mindbody Capital receive non-recourse financing with a one-time capital fee.

Additionally, funding provided through Mindbody Capital is paid back based on a flat percentage of future sales with no minimum payments.

"When I had the idea to found Yoga London, I knew one of my largest barriers would be funding the operation while I introduced the concept to my community,” said Favad Malik, founder of Yoga London.

“I chose to fund my business through Mindbody Capital because of its ease, accessibility and efficiency. Rather than a lengthy process required by traditional funding options, Mindbody Capital presented me with a reliable, pre-approved offer that could be funded as soon as the next day.

"This access to capital has been game-changing in helping my business thrive through the ability to expand as needed, run day-to-day operations and deploy creative strategies."
RELATED STORIES
FEATURE: Spa software: Staff retention


How the latest software can help retain staff and increase business potential in a COVID-challenged world
State of the Spa and Salon Industry Report 2021 reveals challenges and opportunities


Mindbody has published the 2021 edition of its annual State of the Spa and Salon Industry Report, highlighting how spa and salon businesses have evolved since the start of the pandemic and giving predictions of consumer trends that will impact the future of the sector.
MORE NEWS
Open water swimming venue launched in London's Canary Wharf
A new open water swimming venue will has been launched in the heart of Canary Wharf, London, UK – one of Europe's most prestigious office and commercial districts.
Record-breaking 140 countries to celebrate World Wellness Weekend 2022
This year’s World Wellness Weekend (WWW) will be the largest to date, reaching over 140 countries and involving over 4,000 venues, including spas, gyms and a range of other wellness, tourism and hospitality destinations.
Voya releases Cancer Wellness Training for spa therapists
Irish marine spa and skincare brand Voya is offering a new Cancer Wellness Training Programme as part of its in-house spa Training Academy offering.
Remembering Olivia Newton-John – a champion of wellness
Actress, singer and long-term wellness advocate, Dame Olivia Newton-John has died aged 73.
Stress-busting sound wellness treatments debut at Kimpton Charlotte Square Hotel
The wild sounds of the natural world have been captured to create the Swell Room, a new sound wellness room at the Kimpton Charlotte Square Hotel in Edinburgh
Smoke cleansing rituals inspire Brush Creek Ranch’s newly refreshed spa in Wyoming
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FEATURED SUPPLIERS

Esthetica’s Shirodhara Massage Bed honours Ayurveda’s ancient traditions
The Shirodhara Massage Bed is Esthetica’s multipurpose massage table solution, designed for both oil and dry massages. [more...]

How EverySkin increased revenue by going digital with Zenoti
Premium aesthetics spa brand EverySkin wanted to offer guests a modern, digital experience across their six locations – but they were struggling to find the right tools. [more...]
+ More featured suppliers  
COMPANY PROFILES
TAC | The Assistant Company

Founded in 2001, TAC is an owner-managed company with more than 110 employees and four locations: in [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

Art of Cryo cryo chamber manufacturer | test and research center in Cologne
Here you see a tour of the Art of Cryo test and research center in Cologne. Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

12-13 Sep 2022

2022 Salt Therapy Association Conference

Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
12-14 Sep 2022

Spa Life Ireland

Galgorm Spa & Golf Resort , Ballymena, Ireland
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

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