About CoFi
CoFi is a SaaS platform that makes handling co-management payments more straightforward, convenient, and compliant for all parties involved (surgeons, surgery centers, patients, and ancillary providers), enabling patients to pay multiple providers simultaneously. They focus on the elective procedure market, where patient experience is paramount, but the payment experience needs to be more cohesive and efficient.
Investment Thesis
In the elective procedure market, a fragmented billing system adds financial and emotional stress for patients while posing compliance risks for surgeons. Surgeons face a substantial administrative burden that negatively impacts revenue and productivity, including invoice handling, check-cutting, and tax filing. CoFi resolves these challenges with its “one-swipe” payment solution, consolidating provider fees into a patient-friendly transaction at the surgeon’s office.
2023
First Check
FinTech
Industry
Seed
Investment Type
II
LOVC Fund