About OrthoFi
OrthoFi is a company based in Denver (United States) founded in 2013 by Jamie Reynolds and David Ternan was acquired by Accel-KKR in December 2020.. OrthoFi has raised $4.89 million across 7 funding rounds from investors including Accel-KKR and Boathouse Capital. OrthoFi has completed 2 acquisitions, including Comprehensive Finance and OrthoBanc. OrthoFi offers products and services including OrthoFi, AcceptCare, and OrthoBanc. OrthoFi operates in a competitive market with competitors including Cedar, VisitPay, HealthiPASS, Rialtic and PatientPay, among others.
- Headquarter Denver, United States
- Founders Jamie Reynolds, David Ternan
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.89 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Accel-KKR
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Comprehensive Finance
& 1 more
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Acquired by
Accel-KKR
(Dec 31, 2020)
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Products & Services of OrthoFi
OrthoFi offers a comprehensive portfolio of products and services, including OrthoFi, AcceptCare, and OrthoBanc. 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.
Platform for practice growth and cash flow optimization
Service for increasing case acceptance through payment options
Tool for managing patient payments and collections
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Funding Insights of OrthoFi
OrthoFi has successfully raised a total of $4.89M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(22 Apr 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series A - OrthoFi | Valuation | Accel-KKR |
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| Mar, 2016 | Amount | Series A - OrthoFi | Valuation |
investors |
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| May, 2015 | Amount | Seed - OrthoFi | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 OrthoFi
OrthoFi has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Accel-KKR and Boathouse Capital. 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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Investments are focused on mid-market software and technology-enabled services firms.
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Founded Year | Domain | Location | |
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Private equity and debt investments are focused on multiple sectors.
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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 OrthoFi
OrthoFi has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Comprehensive Finance and OrthoBanc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of cloud based payment processing and loan management services for healthcare providers
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2012 | ||||
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Payment management and credit risk management platform
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OrthoFi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Orthofi Comparisons
Competitors of OrthoFi
OrthoFi 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 Cedar, VisitPay, HealthiPASS, Rialtic and PatientPay, 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 |
|---|---|---|---|---|
| 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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| domain | founded_year | HQ Location |
Automated healthcare billing and patient account management are facilitated.
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| domain | founded_year | HQ Location |
Payment solutions for healthcare sectors
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| domain | founded_year | HQ Location |
Patient payment solutions for healthcare finance management are offered.
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| domain | founded_year | HQ Location |
EMR integrated patient-centric payment solution using text messages
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Orthofi
Frequently Asked Questions about OrthoFi
When was OrthoFi founded?
OrthoFi was founded in 2013.
Where is OrthoFi located?
OrthoFi is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of OrthoFi?
David Ternan is the current CEO of OrthoFi. They have also founded this company.
Is OrthoFi a funded company?
OrthoFi is a funded company, having raised a total of $4.89M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Apr 22, 2013.
What does OrthoFi do?
OrthoFi was founded in 2013 in Denver, United States, within the orthodontic sector. A proprietary SaaS platform is supplied to orthodontists for establishing payment plans and handling end-to-end patient interactions. Operations are streamlined through outsourcing of accounting, financial planning and analysis, credit modeling, and analytics. Support is extended for corporate strategy and operational goals in orthodontic practices.
Who are the top competitors of OrthoFi?
OrthoFi's top competitors include Cedar, VisitPay and HealthiPASS.
What products or services does OrthoFi offer?
OrthoFi offers OrthoFi, AcceptCare, and OrthoBanc.
How many acquisitions has OrthoFi made?
OrthoFi has made 2 acquisitions, including Comprehensive Finance, and OrthoBanc.
Who are OrthoFi's investors?
OrthoFi has 2 investors. Key investors include Accel-KKR, and Boathouse Capital.
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