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Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Glofox to offer health clubs and studios 'instant access' to financing

Glofox will begin offering health clubs, gyms and fitness studios instant access to financing
The new service follows a deal struck with Strip Capital
The club management software provider will use Stripe Capital to offer flexible financing
Eligible business can repay the amount with a fixed percentage of daily sales

Glofox will begin offering health clubs, gyms and fitness studios instant access to financing, following a deal struck with Stripe Capital.

The club management software provider will use Stripe Capital to offer fitness businesses flexible financing and help them to bounce back from the pandemic.

The service will particularly look to assist businesses which are looking to grow and scale their operations – whether buying new equipment, growing their staff, or upgrading their in-studio experience.

According to Glofox CEO Conor O’Loughlin, eligible businesses can access funds almost instantly, and repay the amount with a fixed percentage of daily sales.

“As the fitness industry bounces back, we’re the first provider to offer embedded financing to our customers," O’Loughlin said.

"Stripe enables us to implement and launch these capabilities quickly so that we can support our customers to re-invest as they relaunch their businesses."

In 2020, Glofox launched a new digital platform, enabling gyms and health clubs to deliver live streaming and premium on-demand content.

The platform was provided to help Glofox's partner gyms to continue operating remotely and keep members engaged during the COVID-19 lockdown.

Alongside the launch of the new service in April 2020, Glofox revealed it had secured additional investment worth US$10m (€9.2m, £8m), bringing the total amount of funding the company has secured to date to US$23m (€21.2m, £18.5m).

Ireland-based startup Glofox was launched in 2014 and currently has partnerships with gyms in around 50 countries.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Glofox 
Glofox will begin offering health clubs, gyms and fitness studios instant access to financing, following a deal struck with Stripe Capital.
HAF,FIT,IND,PTS,SAM,TEC
2021/THUMB347920_206721_37570.jpg
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Diary dates
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07-10 Apr 2022
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News

Glofox to offer health clubs and studios 'instant access' to financing

Glofox will begin offering health clubs, gyms and fitness studios instant access to financing
The new service follows a deal struck with Strip Capital
The club management software provider will use Stripe Capital to offer flexible financing
Eligible business can repay the amount with a fixed percentage of daily sales

Glofox will begin offering health clubs, gyms and fitness studios instant access to financing, following a deal struck with Stripe Capital.

The club management software provider will use Stripe Capital to offer fitness businesses flexible financing and help them to bounce back from the pandemic.

The service will particularly look to assist businesses which are looking to grow and scale their operations – whether buying new equipment, growing their staff, or upgrading their in-studio experience.

According to Glofox CEO Conor O’Loughlin, eligible businesses can access funds almost instantly, and repay the amount with a fixed percentage of daily sales.

“As the fitness industry bounces back, we’re the first provider to offer embedded financing to our customers," O’Loughlin said.

"Stripe enables us to implement and launch these capabilities quickly so that we can support our customers to re-invest as they relaunch their businesses."

In 2020, Glofox launched a new digital platform, enabling gyms and health clubs to deliver live streaming and premium on-demand content.

The platform was provided to help Glofox's partner gyms to continue operating remotely and keep members engaged during the COVID-19 lockdown.

Alongside the launch of the new service in April 2020, Glofox revealed it had secured additional investment worth US$10m (€9.2m, £8m), bringing the total amount of funding the company has secured to date to US$23m (€21.2m, £18.5m).

Ireland-based startup Glofox was launched in 2014 and currently has partnerships with gyms in around 50 countries.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Glofox 
Glofox will begin offering health clubs, gyms and fitness studios instant access to financing, following a deal struck with Stripe Capital.
HAF,FIT,IND,PTS,SAM,TEC
2021/THUMB347920_206721_37570.jpg

News

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Inclusive Fitness Boston, a health club created specifically for those with disabilities and their families,
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Life Fitness (UK) Ltd
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Sponsored
Technogym’s Biocircuit offers a range of time-controlled and time-free circuits using the Biostrength line, with its Biodrive AI technology, delivering customised workouts
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Alan Leach

Chair of IHRSA and CEO, West Wood Clubs
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Can partnerships and affiliations with less obvious companies, such as fast food brands, help the industry tap into a new demographic, or is the potential for them to compromise our reputation too big a risk to take? asks Abi Harris
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It makes services and tech more accessible and affordable for wellness professionals
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Opinion
promotion
FitnessOnDemand’s divisional vice president Uday Anumalachetty discusses what live fitness really means for clubs and their members today
Opinion: Why we need to reimagine what live fitness really means
Featured supplier news
Featured supplier news: Fives Soccer Centres debuts new ‘personal development’ concepts
Five-a-side soccer operator Fives has unveiled its inaugural Pinnacle Gym and announced the roll-out of its digital football concept, as part of the brand’s drive to bring an ethos of personal development into its centres.
Featured supplier news
Featured supplier news: Feet on the ground, fitness in the clouds
Life Fitness has launched a new mobile app named Life Fitness Connect to provide the ultimate workout experience.
Featured operator news
Featured operator news: Everyone Active successfully reopens exercise referral scheme thanks to EXi partnership
Local authority leisure provider Everyone Active has reopened its essential exercise referral scheme, by joining forces with EXi, the NHS-approved exercise prescription app and data portal.
Featured operator news
Featured operator news: Everyone Active generates £342m in social value
Award-winning leisure operator Everyone Active generated £342million in social value at its sites across the country in 2019/20.
Video Gallery
Total Vibration Solutions / Floors 4 Gyms / TVS Sports Surfaces
Sport Alliance GmbH
Physical Company Ltd
Company profiles
Company profile: Gympass
On a mission to defeat inactivity, Gympass is a corporate wellness solution that builds mutually ...
Company profiles
Company profile: Everyone Active
Everyone Active operates leisure centres in partnership with local councils across the UK. Today, Everyone ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Red Light Therapy
 Red Light Rising: Red Light Therapy
Fitness equipment
Octane Fitness: Fitness equipment
trade associations
International SPA Association - iSPA: trade associations
Skincare
Sothys: Skincare
Wearable technology solutions
MyZone: Wearable technology solutions
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Spa software
SpaBooker: Spa software
Exercise equipment
Power Plate: Exercise equipment
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Management software
Premier Software Solutions: Management software
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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