Check, a company developing software applications for digitizing the business payroll process has reportedly emerged from several years in stealth mode. The Fintech firm recently confirmed that it has secured $35 million in capital via an investment round.
Check’s round was led by strategic investments from Thrive Capital and the leading digital payments firm Stripe. No valuation for the company has been shared publicly.
With this latest funding round, the Fintech firm has secured a total of $44 million in capital.
Stripe’s investment in the company is quite notable because Check seems to be following the payment giant’s strategy of developing key payments infrastructure for the emerging digital economy. Stripe mainly assists companies with accepting credit card payments via the Internet, and Check aims to link different payroll systems with a wide range of software applications for handling key business processes.
Check CEO and Co-founder and CEO Andrew Brown, and some of his colleagues had previously been behind the e-book startup Oyster (now acquired by Google or its parent Alphabet Inc).
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