Account Executive
CheckSalary not specified
- Full Time
- Junior (1 to 2 years)
About Check
CheckHQ offers embedded payroll services tailored for software platforms in the fintech sector. Their primary product is a payroll system that can be integrated into existing software, allowing businesses to create and manage their own payroll services. This integration helps platforms like Homebase and Housecall Pro enhance their offerings, leading to increased revenue and improved customer retention. Unlike traditional payroll providers, CheckHQ focuses on partnerships, supplying the necessary back-end technology while the partner platforms handle the customer-facing aspects. This approach enables quicker market entry and scalability, making it easier for platforms to add payroll services without significant upfront investment. The goal of CheckHQ is to empower software platforms to diversify their services and boost customer engagement through effective payroll solutions.
New York City, New YorkHeadquarters
2019Year Founded
$116.7MTotal Funding
SERIES_CCompany Stage
Enterprise Software, FintechIndustries
51-200Employees
Benefits
Home office stipend: $1k stipend for your home office setup, and $100 per month for internet and cell.
PTO & sick leave: Recharge and stay healthy with flexible PTO and sick leave.
Learning budget: Buy books, take classes, and attend conferences with a $2k per year learning budget.
Weekly pay: Every Friday is payday! Just one perk of being your own payroll provider.
Paid family leave: 16 weeks of paid leave for new parents and flexible return-to-work options.
Health benefits: High quality health, dental, and vision insurance coverage.
Risks
Increased competition from new entrants may lead to pricing pressures and reduced market share.
Managing payroll across 11,000 jurisdictions risks compliance errors and potential legal penalties.
Reliance on partner platforms means disruptions could directly impact Check's revenue streams.
Differentiation
Check pioneered embedded payroll, allowing platforms to create custom payroll services.
Check's API simplifies payroll across 11,000 U.S. jurisdictions, reducing administrative burdens.
Check partners with leading platforms like Homebase and Bambee, enhancing their payroll offerings.
Upsides
Partnership with Wave expands Check's reach to 300,000 small businesses across the U.S.
Fraud protection tools enhance Check's value proposition for small and medium-sized businesses.
Novo's integration of Check's API highlights the trend of embedded finance, boosting customer retention.
Funding
Total raised$116.73 M
Latest valuation$375.00 M
StageSERIES_C
SERIES C
1/31/2022$75
$375.00 MSERIES B
12/31/2020$35
$175.00 MSERIES A
12/31/2019$8
$40.00 MSEED
5/31/2019$1
$5.00 M