Checkbook

Digital payment platform for businesses

San Mateo, California, United States

About Checkbook

Checkbook.io provides a digital payment platform that aims to replace traditional paper checks and costly online transactions. The service allows businesses to send and receive payments instantly through email or phone numbers, eliminating the need for physical checks and postage. Users can make mass payments by uploading CSV files, and the platform integrates with popular accounting software like Sage-Intacct, AccountingSeed, Quickbooks, and Moneypod. One of the key features is that recipients do not need to have a Checkbook account, which simplifies the process for everyone involved. Additionally, Checkbook.io offers live payment tracking through an integrated accounting dashboard, providing transparency and control over transactions. The company charges less than $1 per transaction, making it a more affordable option compared to its competitors. The goal of Checkbook.io is to provide businesses with an efficient and cost-effective payment solution.

San Mateo, CaliforniaHeadquarters
2015Year Founded
$21.7MTotal Funding
SERIES_ACompany Stage
Fintech, Financial ServicesIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Company Equity

Risks

Emerging fintech startups pose a threat to Checkbook's market share.
Dependency on Visa's infrastructure could be risky if partnership dynamics change.
Evolving regulatory landscape may increase compliance challenges and operational costs.

Differentiation

Checkbook offers a single API for multiple payment methods, simplifying transactions.
The platform supports mass payments via CSV uploads, enhancing efficiency for businesses.
Checkbook's white-labeled functionality allows businesses to maintain brand consistency in payments.

Upsides

Checkbook's partnership with Visa enhances real-time payment capabilities for businesses.
The $10 million Series A funding supports Checkbook's expansion and operational growth.
Increased demand in sectors like rental and banking boosts Checkbook's market opportunities.

Funding

Total raised$21.74 M
Latest valuation$50.00 M
StageSERIES_A
EARLY VC
8/31/2021
$11
$52.75 M
SEED
7/31/2015
$2
$9.00 M