# Felix Steinmeyer

> Felix Steinmeyer is the CEO and Co-Founder of Cherry, the leading buy-now-pay-later platform built specifically for healthcare and wellness providers. A Stanford MBA with dual master's degrees, he previously co-founded and sold Mason Finance before turning his attention to the underserved gap between patients who need care and their ability to pay for it. Under his leadership, Cherry has grown to serve 60,000+ providers, raised a Series B of $44M in 2022, and in April 2025 achieved a valuation exceeding $2 billion with a Series C round - making it one of the most significant vertical BNPL players in healthcare.

- **Role:** CEO & Co-Founder at Cherry
- **Organizations:** Cherry (withcherry.com), Mason Finance (acquired), Aston Martin Lagonda Ltd., Fairholme Capital Management
- **Nationality:** American
- **Education:** MBA, Stanford University Graduate School of Business, Master of Science in Computer Science, Stanford University, Bachelor of Science in Economics and Computer Science, University of Miami
- **Known for:** Built Cherry into a $2B+ valued BNPL platform serving 60,000+ healthcare providers, Successfully exited Mason Finance through acquisition by Magna Life Settlements, Earned dual master's degrees from Stanford University (MBA + MS Computer Science)

## Career timeline

- **Early career** — Worked at Bruce Berkowitz's Fairholme Capital hedge fund
- **Mid career** — Served as Special Assistant to the CEO of Aston Martin Lagonda Ltd.
- **2017** — Co-founded Mason Finance, an online platform enabling older Americans to resell life insurance policies
- **2019-2020** — Mason Finance acquired by Magna Life Settlements
- **2019** — Co-founded Cherry with Charles Mourani, launching healthcare patient financing
- **2020** — Cherry's first deal on Percent platform immediately oversubscribed
- **2022** — Cherry raises $44M Series B; Cross River Bank extends $50M credit facility
- **2025** — Cherry raises Series C at over $2 billion valuation, serving 60,000+ healthcare providers

## Achievements

- Built Cherry into a $2B+ valued BNPL platform serving 60,000+ healthcare providers
- Successfully exited Mason Finance through acquisition by Magna Life Settlements
- Earned dual master's degrees from Stanford University (MBA + MS Computer Science)
- Dean's List honors at the University of Miami
- Feigenbaum-Nii Capstone Award recipient
- Raised $44M Series B for Cherry in 2022
- Grew Cherry to 650+ employees and ~$51.3M revenue
- Expanded Cherry's provider network to 60,000+ across healthcare verticals

## Latest updates

- **2025-04** — Cherry raises Series C at over $2 billion valuation, joining a new cohort of BNPL players cited by Axios
- **2024-01** — Cherry reported considering offering bonds tied to BNPL for cosmetic surgery procedures (PYMNTS.com)
- **2022-09** — Cherry closes $44M Series B funding round
- **2022-03** — Cross River Bank's Strategic Direct Lending Group extends $50M credit facility to Cherry Technologies

## Links

- Website: https://withcherry.com
- LinkedIn: https://www.linkedin.com/in/felix-steinmeyer/
- Twitter/X: https://twitter.com/withcherryUS
- Facebook: https://facebook.com/withCherryUS/

---

Profile page: https://yespress.io/felix-steinmeyer
Published by YesPress — https://yespress.io
Last updated: 2026-05-26