Australia's Dental BNPL Fund

A new asset class in healthcare lending.

Payon Capital provides wholesale investors access to Australia's fast-growing dental buy-now-pay-later market — a Preferred Investor Program backed by DentiCare®'s 23-year track record and $620M+ in annual transaction volume.

Target Return

10.95–11.95%

p.a. compounding interest — paid as a lump sum at 36-month maturity

Minimum investment

$250,000

Investment term

36 months

Fund size

$25,000,000

Max per investor

$5,000,000

$250,000 → $341,445 over 3 years at minimum targeted return of 10.95% p.a. compounding. AFSL & ACL 509400.

Australia's BNPL market is one of the fastest-growing in the world.

The dental sector is dramatically underserved by consumer finance. DentiCare® has been processing payment plans since 2003 — managing over $620M in annual transactions today. Payon Capital is the dedicated funding vehicle behind that growth.

$31.34B

Australian BNPL market size in 2026 (AUD)

$67.07B

Projected market size by 2031 (Mordor Intelligence)

19.42%

Healthcare & wellness BNPL CAGR to 2031

$620M+

Annual payment plan transactions managed by the group

Market momentum is only half the story. The real opportunity lies in our ability to capture that growth through the DentiCare® payments ecosystem.

By leveraging established infrastructure in a market projected to grow from $31.34 billion to $67.07 billion by 2031, we provide investors with a vehicle designed not just to follow trends, but to lead them.

David Cathie

Chairman & Managing Director, Payon Capital

A clean structure. Traceable at every step.

The mechanism is the same one DentiCare® practices have used for two decades. Capital flows in one direction, returns flow back — documented, audited, governed by a formal Loan Agreement and a registered general security agreement.

step 1

You invest.

Wholesale investors subscribe to units at $50,000 per unit (minimum 5 units / $250,000) in the Payon Capital Unit Trust. Application is via the Application Form in the IM.

STEP 2

BNPL is deployed

Funds are lent to DentiCare® Payment Solutions, which extends BNPL/LCCC payment plans (up to $2,000) to dental patients across 2,000+ partner practices nationally.

STEP 3

Repayments collected

DentiCare and Payon Capital collect fortnightly repayments from patients, generating revenue through service fees. Australian Collections Agency handles enforcement if needed.

STEP 4

You are paid

At the end of the 36-month term, your principal plus compounding interest is repaid as a lump sum. Investors may request to extend for a further 24 months at the Fund Manager's discretion.

All market data sourced from Mordor Intelligence (Aug 2024). All figures in AUD.

You already know the business.
Now you can invest alongside it.

Charles Smith

Director & Fund Manager · Payon Capital

A 23-year-old operating group.
A new fund inside it.

Payon Capital is one entity in a six-company group operating across payments, debt collection, fintech R&D and merchant services in Australia and Singapore. The fund is one product inside it, not the business.

SG · Singapore

Payon Holdings

Group parent. Long-dated capital allocation across the operating businesses and the licensed Australian fund manager.

PARENT · GROUP

AU · Australia

DentiCare® Payment Solutions

The core BNPL operating business. Twenty-three years of payment-plan administration; $620M+ in annual transactions today across 2,000+ practices.

FOUNDED 2003 · OPERATIONS

AU · Australia

Payon Capital Pty Ltd

The Trustee and Fund Manager for the Payon Capital BNPL Fund. Holder of an Australian Financial Services Licence and Australian Credit Licence.

AFSL & ACL 509400 · TRUSTEE

AU · AUSTRALIA

Payon Australia

Global payments operations. Visa and Mastercard merchant-services infrastructure for the wider group and its partners.

PAYMENTS · MERCHANT

AU · AUSTRALIA

Australian Collections Agency

Registered debt-collections operation. Internalises recovery on the rare plan that defaults — keeping the recovery process inside the group.

REGISTERED COLLECTIONS

SG · Singapore

Techyon

Proprietary technology and fintech research-and-development. Builds the platform layer that runs every patient payment plan in the network.

FINTECH R&D · PLATFORM

All market data sourced from Mordor Intelligence (Aug 2024). All figures in AUD.

Named, credentialled,
reachable.

Payon Capital is led by a senior team with decades of experience across healthcare payments, financial operations, and regulated investment management.

David Cathie

Managing Director

Co-founder of DentiCare® in 2003. Returned to the helm in 2011 as the primary architect of the group's strategic transformation. Over twenty-four years of executive leadership across healthcare and medical sectors in Australia, New Zealand and Southeast Asia. Graduate Diploma in Business Management.

Ghafur Barchia

Director & CFO

Chartered Accountant. Joined DentiCare® as strategic advisor in 2014, appointed CFO in 2022 and Director of Payon Capital in 2026. Over twenty-five years across accounting, tax, M&A, capital raisings, global funds management and private equity.

Charles Smith

Fund Manager

Joined DentiCare® in 2021. Bachelor of Commerce, majoring in Accounting and Finance. The day-to-day operational lead and direct point of contact for investors — high-level analytical work, complex reporting, strategic governance. Charles owns the relationship from first enquiry to maturity.

You already know the business. Now invest alongside it.

Request the full Information Memorandum and Fund Terms. A member of the team will follow up directly — no intermediaries.

Speak To Our Team