Mashreq, one of the leading financial institutions in the Middle East and North Africa, has announced a strategic partnership with Toothpick, a healthcare platform operating a network of more than 1,000 dental and cosmetic clinics. The collaboration aims to launch Mashreq Neo credit loans as a new embedded financing solution for patients across Toothpick’s clinic network in the United Arab Emirates.
Instant Financing of Up to AED 150,000 at Point of Care
Under this partnership, patients will be able to access digital financing of up to AED 150,000 directly at the point of care within Toothpick’s network of clinics. The fully digital process enables seamless and flexible financing for dental and cosmetic treatments, removing traditional payment barriers associated with high-cost medical procedures.
This initiative marks a first-of-its-kind model in the UAE healthcare sector, enabling patients to proceed with essential and elective treatments with greater financial flexibility and confidence.
Strengthening Mashreq’s Embedded Finance Strategy
The partnership represents a key milestone in Mashreq’s Banking-as-a-Service strategy, reinforcing its leadership in embedded finance and digital lending solutions.
By integrating its Neo credit loan product into the Toothpick platform, Mashreq expands its presence within the healthcare ecosystem and delivers a more customer-centric banking experience aligned with the UAE’s accelerating digital transformation.
Seamless Digital Financing Journey for Clinics and Patients
The solution allows clinics to initiate financing requests directly through the Toothpick platform. Mashreq then performs customer verification and sends a secure link for completing the application digitally.
Upon approval, funds are transferred directly to the clinic, ensuring a smooth and efficient experience for both healthcare providers and patients.
Expanding Access to Healthcare Through Flexible Financing
The partnership addresses growing demand for financing solutions that go beyond traditional buy-now-pay-later models by offering higher-value and more flexible credit options.
The initial phase will focus on dental and cosmetic clinics across the UAE, with potential plans to expand into additional healthcare segments in the coming months.
Executive Commentary
Ghizal Al Qassab, Global Head of Business Banking Platforms at Mashreq, said the partnership reflects the bank’s commitment to delivering innovative and accessible financial solutions that meet real customer needs by embedding financing directly into healthcare journeys.
Sari Azaqir, Co-Founder and Chief Growth Officer at Toothpick, stated that the collaboration sets a new benchmark for healthcare financing in the UAE, combining Toothpick’s extensive clinic network with Mashreq’s advanced digital lending capabilities.
