CoFi Reaches New Milestone: 10,000 Vision Providers are Now Active on CoFi’s Multi-Party Payment Platform

CoFi announced it has reached a new milestone of more than 10,000 ophthalmologists and optometrists active on the CoFi platform. Since CoFi’s commercial launch in the summer of 2021, the company has been growing rapidly, with nearly 200 new vision practices joining the platform each month in 2024, the company announced in a news release. 

CoFi’s platform aims to address challenges arising from patients having to pay multiple providers and entities involved in a procedure. For example, in ophthalmic procedures, patients may have to pay the surgeon and ambulatory surgery center (ASC), and often a co-managing optometrist or anesthesiologist. CoFi’s software is designed to enable patients to conveniently make separate payments to each provider through a single payment event. 

“Surpassing 10,000 providers is a considerable milestone and a testament to the value our platform brings to eye care providers, surgery centers, and their patients,” Sean Hanlon, CoFi’s Founder and CEO, said in the news release. “When we set out to develop CoFi, our goal was to solve long-articulated but completely unaddressed issues that relate to payments for surgical procedures. CoFi is enabling practices to give their patients a consumer-grade payment experience similar to purchasing a flight, hotel, and car rental from three different companies at once. The adoption we’ve experienced confirms we’re delivering real, meaningful benefits to our customers.”