About Cherry
Cherry is a company based in San Francisco (United States) founded in 2017 by Charles Mourani and Felix Steinmeyer. It operates as a FinTech, and Commission-Based. Cherry offers products and services including Cherry Payment Plans. Cherry operates in a competitive market with competitors including Greenphire, Zelis Healthcare, Cedar, VisitPay and PayZen, among others.
- Headquarter San Francisco, United States
- Founders Charles Mourani, Felix Steinmeyer
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Sectors
HealthcareFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Cherry Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$50 M (USD), Debt – Conventional
Mar 17, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Cherry
Cherry offers a comprehensive portfolio of products and services, including Cherry Payment Plans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Payment plans are offered for medical and aesthetic treatments.
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Funding Insights of Cherry
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $50.0M
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First Round
First Round
(15 Apr 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Debt – Conventional - Cherry | Valuation |
investors |
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| Apr, 2020 | Amount | Debt – Conventional - Cherry | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cherry
Cherry has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cross River. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Open banking API solutions are provided for financial institutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cherry
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cherry
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cherry Comparisons
Competitors of Cherry
Cherry operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Greenphire, Zelis Healthcare, Cedar, VisitPay and PayZen, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Clinical payment technology for patient transactions in research is provided.
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Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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| domain | founded_year | HQ Location |
Cloud-based patient revenue management is delivered to healthcare providers.
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AI medical billing software for healthcare professionals and organizations
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Healthcare bill payments are facilitated for providers and patients.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cherry
Frequently Asked Questions about Cherry
When was Cherry founded?
Cherry was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Cherry located?
Cherry is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Cherry?
Felix Steinmeyer is the current CEO of Cherry. They have also founded this company.
What does Cherry do?
Cherry Payment Plans are offered to facilitate affordable access to medical, dental, aesthetic, and veterinary treatments. Services are extended across various sectors including dermatology and plastic surgery. Fast application processes and high approval rates are maintained, with immediate funding provided to practices. Cost barriers are reduced by offering consumer-friendly terms like 0 APR options. Support is given to providers to increase revenue and improve cash flow through lower merchant fees.
Who are the top competitors of Cherry?
Cherry's top competitors include Greenphire, Cedar and PayZen.
What products or services does Cherry offer?
Cherry offers Cherry Payment Plans.
Who are Cherry's investors?
Cherry has 1 investor. Key investors include Cross River.
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