When was CoFi founded?

CoFi was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is CoFi located?

CoFi is headquartered in Boston, United States.

How many employees does CoFi have?

As of Sep 30, 2026, the latest employee count at CoFi is 21.

Is CoFi a funded company?

CoFi is a funded company, having raised a total of $5.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 17, 2021.

When was the latest funding round of CoFi?

CoFi's latest funding was a $***** Series A round on 2026, with participation from 1 investor.

Where does CoFi rank among its competitors?

CoFi ranks 38th amongst 192 active competitors, of which 31 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was CoFi, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of CoFi?

CoFi's top competitors include Cedar, Cherry and Zelis Healthcare. Among them, CoFi secured the most recent funding round in January, 2026.

CoFi - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online payment solution for healthcare businesses. It features a co-management payment solution that allows patients to pay for invoices separately to every party involved in the process. It offers patients a single bill payment platform, where payments are distributed to multiple healthcare parties based on the inputs provided.

Key Metrics

Founded Year

2019

Location

Boston, United States

Stage

Series A

Total Funding

$5.5M in 3 rounds

Latest Funding Round

Series A, 2026, $*****

Investors

Synchrony & 3 more

Ranked

38^th among 192 active competitors

Employee Count

21 as on Sep 30, 2026

Similar Companies

Cedar & 239 more

View CoFi's full profile

CoFi is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
COFI, INC. CIN: 844059474 , United States, Active	Dec 31, 1999	-	14 (As on Dec 31, 2024)	-

CoFi has raised a total funding of $5.5M over 3 rounds. Its first funding round was on Dec 17, 2021. Its latest funding round was a Series A round on 2026 for $*****. 1 investor participated in its latest round. CoFi has 4 institutional investors.

Here is the list of recent funding rounds of CoFi:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2026	4003	Series A	1771	8498	3412	6314
May 01, 2023	6653526	Series A	9108862	1652038	2106919	7352748
Dec 17, 2021	2146009	Seed	1100983	3778652	Skylark	9638046

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View details of CoFi's funding rounds and investors

The founders of CoFi is Sean Hanlon.

Here are the details of CoFi's key team members:

Sean Hanlon: Co-Founder of CoFi.
Contact Info: 1 email address

View details of CoFi's Founder profiles and Board Members

CoFi's employee count trend

CoFi has 21 employees as of Sep 26. Here is CoFi's employee count trend over the years:

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Top competitors of CoFi include Cedar, Cherry and Zelis Healthcare. Here is the list of Top 10 competitors of CoFi, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cedar 2016, New York City (United States), Series D	Cloud-based payment solutions for the healthcare industry	$351M	Kinnevik, Thrive Capital & 28 others	65/100
2nd	Cherry 2017, San Francisco (United States), Funding Raised	Provides sales payment solution for businesses and customers	-	DCM Ventures, Susa Ventures & 5 others	61/100
3rd	Zelis Healthcare 1995, Boston (United States), Funding Raised	Digital solutions to modernize the healthcare financial experience for payers, providers, and members	-	Mubadala, HarbourVest Partners & 9 others	59/100
4th	PayZen 2011, San Francisco (United States), Series B	AI medical billing software for healthcare professionals and organizations	$72M	7wire Ventures, SignalFire & 7 others	58/100
5th	InstaMed 2004, Philadelphia (United States), Acquired	Healthcare bill payment solutions	$123M	NJTC Venture Fund, Osage Venture Partners ... & 9 others	57/100
6th	HealthiPASS 2013, Lombard (United States), Acquired	Healthcare billing management	$11.3M	QED Investors, OCA Ventures & 7 others	57/100
7th	Rialtic 2020, Atlanta (United States), Series B	Payment solutions for healthcare sectors	$81M	F-Prime Capital, Socium Ventures & 4 others	56/100
8th	RevSpring 1981, St. Paul (Canada), Acquired	Platform for revenue cycle management in healthcare centers	-	Frazier Healthcare Partners, WestView Capital ... & 5 others	55/100
9th	Rectangle Health 1992, Valhalla (United States), Acquired	Platform for managing payment processes	-	Ares Capital Corporation, TA Associates	54/100
10th	VisitPay 2010, Boise (United States), Acquired	Cloud based patient revenue management system for healthcare providers	$46.1M	Saint Luke's, Norwest & 4 others	52/100
38th	CoFi 2019, Boston (United States), Series A	Online payment solution for healthcare businesses	$5.5M	Skylark, Synchrony & 2 others	38/100