Cherry provides a fast, consumer‑friendly financing platform for medical, dental, aesthetic, and veterinary practices, allowing patients to apply for a payment plan in about 60 seconds with an 80%+ approval rate and immediate funding. The service offers interest‑free financing up to 24 months, reduces merchant fees for providers, and supplies a virtual credit line usable across participating practices to increase treatment acceptance and revenue.
Funding
Funding not disclosed
Founders
Product
Problem
Patients often cannot afford upfront costs for medical, aesthetic, dental, or veterinary procedures, leading them to delay or forgo needed care. Practices without flexible financing options lose potential revenue and see lower treatment acceptance rates.
Solution
Cherry offers a fast, consumer-friendly financing platform that enables patients to apply for a payment plan in about 60 seconds with an 80%+ approval rate and immediate funding upon approval. The service provides interest‑free options for up to two years and reduces merchant fees for providers by up to 50%. Approved patients receive a virtual credit line that can be used across multiple participating practices, with flexible monthly payment schedules and the ability to pay early without penalties. Cherry handles all compliance, credit checks, and reporting, while integrating with practice workflows to streamline the checkout experience and improve treatment acceptance.
Target Audience
Cherry serves healthcare providers—including medical, aesthetic, dermatology, dental, and veterinary practices—that want to offer patients affordable financing, as well as the patients seeking low‑cost, interest‑free payment plans for their treatments.
Features
- 60‑second online application with instant decision and funding
- 0% APR financing options for up to 24 months
- High approval rate (80%+) and low merchant fee structure (up to 50% savings)
- Virtual credit line usable at any participating medical, dental, aesthetic, or veterinary practice
- Flexible payment scheduling, early payoff, and multiple payment method support (debit, credit, HSA/FSA)
- Integrated reporting to credit bureaus and optional credit‑building benefits for consumers
- Provider dashboard for real‑time approval status, patient eligibility verification, and payment tracking