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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."
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
Second edition of UK Aufguss Championships set to heat up Galgorm Resort
The ancient art of aufguss will be celebrated this April with the Second UK Aufguss Championships at destination spa and hotel Galgorm Resort in Northern Ireland.
Xponential’s first Kinrgy dance fitness studio opens in West Hollywood
The first bricks and mortar Kinrgy studio opens today (1 March) in West Hollywood. Founded by Emmy Award-winning dancer, Julianne Hough, the brand started as a dance and fitness platform.
Orangetheory and Self Esteem Brands are to merge to form a $3.5 billion business
Orangetheory and Self Esteem Brands have revealed plans to merge 'as equals' creating a new company with around US$3.5 billion a year in sales and 7,000 franchises in 50 countries.
Tennis legend Andre Agassi joins Life Time as company announces record revenues
In the same week as tennis legend, Andre Agassi, was appointed to the board of Life Time, the company has released strong year-end profits, achieving record revenues and EBITDA.
+ More news   

FEATURED SUPPLIERS

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Hotels, resorts and spas often work with guest groups of all sizes, from small bachelorette parties to large corporate gatherings. [more...]

The art of bespoke beauty: AMRA Skincare's tailored elegance transcends luxury at destinations around the world
Amra Skincare, a prominent example of bespoke treatment creation, crafts transcendent spa experiences that seamlessly intertwine with the essence of its collaborations. [more...]
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COMPANY PROFILES
The Wellness

Guaranteeing economic success for our customers - as well as the ultimate wellness experience for th [more...]
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Oakworks is a US-based FSC-certified manufacturer of spa, massage, and medical equipment. [more...]
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CATALOGUE GALLERY
 

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DIRECTORY
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DIARY

 

02-04 Mar 2024

World Spa & Wellness Conference

Excel exhibition and conference centre , London, United Kingdom
03-05 Mar 2024

IBS New York

Javits Convention Center, New York, United States
+ More diary  
 
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©Cybertrek 2024
Uniting the world of spa & wellness
Get Spa Business and Spa Business insider digital magazines FREE
Sign up here ▸
News   Products   Magazine   Subscribe
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
Second edition of UK Aufguss Championships set to heat up Galgorm Resort
The ancient art of aufguss will be celebrated this April with the Second UK Aufguss Championships at destination spa and hotel Galgorm Resort in Northern Ireland.
Xponential’s first Kinrgy dance fitness studio opens in West Hollywood
The first bricks and mortar Kinrgy studio opens today (1 March) in West Hollywood. Founded by Emmy Award-winning dancer, Julianne Hough, the brand started as a dance and fitness platform.
Orangetheory and Self Esteem Brands are to merge to form a $3.5 billion business
Orangetheory and Self Esteem Brands have revealed plans to merge 'as equals' creating a new company with around US$3.5 billion a year in sales and 7,000 franchises in 50 countries.
Tennis legend Andre Agassi joins Life Time as company announces record revenues
In the same week as tennis legend, Andre Agassi, was appointed to the board of Life Time, the company has released strong year-end profits, achieving record revenues and EBITDA.
Yale study shows HIIT can reverse nerve damage caused by Parkinson’s
According to a pilot study by Yale School of Medicine, exercise can not only slow down the neurodegeneration associated with Parkinson’s Disease, there is evidence it can even reverse the damage.
Mountain wellness retreat to open among US$2.4bn Omani Mountain Destination
Oman’s Ministry of Housing and Urban Planning (MoHUP) has revealed plans for an ambitious high-altitude mixed-used development project called Omani Mountain Destination (OMD) on Jabal al Akhdar.
+ More news   
 
FEATURED SUPPLIERS

Keep your groups booked and busy with SpaSoft
Hotels, resorts and spas often work with guest groups of all sizes, from small bachelorette parties to large corporate gatherings. [more...]

The art of bespoke beauty: AMRA Skincare's tailored elegance transcends luxury at destinations around the world
Amra Skincare, a prominent example of bespoke treatment creation, crafts transcendent spa experiences that seamlessly intertwine with the essence of its collaborations. [more...]
+ More featured suppliers  
COMPANY PROFILES
The Wellness

Guaranteeing economic success for our customers - as well as the ultimate wellness experience for th [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

02-04 Mar 2024

World Spa & Wellness Conference

Excel exhibition and conference centre , London, United Kingdom
03-05 Mar 2024

IBS New York

Javits Convention Center, New York, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS