# Cherry

> Cherry is a San Francisco fintech that lets healthcare and wellness practices offer patients buy-now-pay-later financing at the point of care. Founded in 2019 by Felix Steinmeyer and Charles Mourani, the company underwrites loans up to $50,000 in under 60 seconds with a soft credit pull, pays providers upfront, and is used by more than 60,000 practices across dental, medical aesthetics, dermatology, optometry and veterinary care.

- **Founded:** 2019
- **Headquarters:** San Francisco, California, United States
- **Founders:** Felix Steinmeyer (Co-Founder & CEO), Charles Mourani (Co-Founder & CTO)
- **Team size:** ~650 employees
- **Products:** Cherry Patient Financing, Cherry for Providers, Cherry Pay-Over-Time Plans
- **Notable:** 60,000+ healthcare providers on the platform, Approval rates reported up to ~90%, Loans up to $50,000 underwritten in under 60 seconds via soft credit pull

## Products & services

- **Cherry Patient Financing** — Point-of-sale BNPL for healthcare. Patients apply in under 60 seconds with a soft credit check for loans of $200-$50,000 over 1-60 months, with 0%-35.99% APR options.
- **Cherry for Providers** — A merchant platform that pays practices upfront, handles collections, and integrates with practice management software. Used by dental, medspa, plastic surgery, dermatology, optometry, audiology, and veterinary practices.
- **Cherry Pay-Over-Time Plans** — 0% APR short-term plans and longer-term installment loans, marketed in-office, by text, by QR code, and via the practice website.

## Achievements

- 60,000+ healthcare providers on the platform
- Approval rates reported up to ~90%
- Loans up to $50,000 underwritten in under 60 seconds via soft credit pull
- Raised ~$213M in equity and debt as of 2024
- Reported $51M+ in revenue with 33% year-over-year growth

## Latest updates

- **2024-04** — Reported as exploring asset-backed bonds tied to cosmetic-surgery BNPL loans (PYMNTS).
- **2022-09** — Closed $44M Series B led by existing investors.
- **2022-03** — Secured $50M credit facility from Cross River Bank's Strategic Direct Lending Group.

## Links

- Website: https://withcherry.com
- LinkedIn: https://www.linkedin.com/company/withcherryus
- Twitter/X: https://twitter.com/withcherryUS
- YouTube: https://www.youtube.com/@withcherryUS
- Instagram: https://www.instagram.com/withcherryus/
- Facebook: https://facebook.com/withCherryUS/

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Profile page: https://yespress.io/cherry
Published by YesPress — https://yespress.io
Last updated: 2026-05-29