Cherry Technologies offers flexible payment plans for healthcare patients, allowing purchases between $200 and $10,000 to be paid in smaller monthly installments. The service is designed to be fast and easy, with a seamless application process that does not impact the patient’s credit score and requires no extra IT or point-of-sale integration for medical practices. Cherry integrates with medical practices to offer financing directly to patients, and it earns revenue by partnering with practices and through fees on the payment plans. Key features include autopay, self-payment options, and a focus on convenience and flexibility. The company aims to help medical practices provide affordable payment options while making the repayment process painless, supported by partnerships with industry organizations to build credibility and reach.
Company Size
501-1,000
Company Stage
Series B
Total Funding
$44M
Headquarters
San Francisco, California
Founded
2019
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