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 Jan 05, 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 2 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 May 01, 2023, with participation from 2 investors.

Where does CoFi rank among its competitors?

CoFi ranks 44th amongst 163 active competitors, of which 35 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Alaffia Health, which secured $55M in Feb, 2026.

Who are the top competitors of CoFi?

CoFi's top competitors include Greenphire, Cedar and PayZen. Among them, Alaffia Health secured the most recent funding round in February, 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 2 rounds

Latest Funding Round

Series A, May 01, 2023, $*****

Investors

Synchrony & 2 more

Ranked

44^th among 163 active competitors

Employee Count

21 as on Jan 05, 2026

Similar Companies

Greenphire & 210 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 2 rounds. Its first funding round was on Dec 17, 2021. Its latest funding round was a Series A round on May 01, 2023 for $*****. 2 investors participated in its latest round. CoFi has 3 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
May 01, 2023	6433460	Series A	3809151	1395706	8054507	1461070
Dec 17, 2021	1558120	Seed	1916845	5723391	Skylark	6173149

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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 Jan 26. Here is CoFi's employee count trend over the years:

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Top competitors of CoFi include Greenphire, Cedar and PayZen. 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	Greenphire 2007, King Of Prussia (United States), Acquired	Clinical trial technology simplifying the journey for patients, sites, and sponsors	$5.81M	FirstMark, Saratoga Investment & 3 others	71/100
2nd	Cedar 2016, New York City (United States), Series D	Cloud-based payment solutions for the healthcare industry	$351M	SV Angel, Kinnevik & 28 others	70/100
3rd	PayZen 2011, San Francisco (United States), Series B	AI medical billing software for healthcare professionals and organizations	$72M	7wire Ventures, SignalFire & 6 others	62/100
4th	Flex 2023, San Francisco (United States), Series A	Online marketplace for the purchase of products and services related to fitness and nutrition	$18.7M	SV Angel, Core Innovation Capital & 8 others	61/100
5th	Cherry 2017, San Francisco (United States), Funding Raised	Provides sales payment solution for businesses and customers	-	Financial Solutions Lab, Core Innovation Capital ... & 3 others	61/100
6th	Zelis Healthcare 1995, Boston (United States), Funding Raised	Digital solutions to modernize the healthcare financial experience for payers, providers, and members	-	Mubadala, Twin Bridge Capital Partners & 8 others	59/100
7th	Alaffia Health 2020, New York City (United States), Series B	AI platform for healthcare claims management and automation	$72M	Anthemis Group, Transformation Capital & 12 others	58/100
8th	InstaMed 2004, Philadelphia (United States), Acquired	Healthcare bill payment solutions	$123M	Osage Venture Partners, NJTC Venture Fund ... & 9 others	57/100
9th	VisitPay 2010, Boise (United States), Acquired	Cloud based patient revenue management system for healthcare providers	$46.1M	Saint Luke's, Inova & 4 others	57/100
10th	RevSpring 1981, St. Paul (Canada), Acquired	Platform for revenue cycle management in healthcare centers	-	InvestMichigan!, Beringea & 1 others	56/100
44th	CoFi 2019, Boston (United States), Series A	Online payment solution for healthcare businesses	$5.5M	Las Olas, Synchrony & 1 others	37/100