Checkbook Inc., a San Mateo, California-based digital payment system provider, raised $10 million in Series A funding.
The round was led by MassMutual Ventures, with participation from IA Capital, JPMorgan Chase, and Cross River Digital Ventures, as well as previous other investors.
The company intends to use the funds to continue to expand operations and its business reach.
Company: Checkbook Inc.
Round: Series A
Funding Month: November 2021
Lead Investors: MassMutual Ventures
Additional Investors: IA Capital, JPMorgan Chase, and Cross River Digital Ventures
Company Website: https://www.checkbook.io/
Software Category: Push Payment platform
About the Company: Founded in 2015 by CEO PJ Gupta, Checkbook is building a Digital Payment system to transmit funds in real-time – with no need for recipients to sign up for any service or download any app. Accounts Payable (and Receivable, too) Made Easy! At Checkbook, they have built a way to send and receive Digital Checks instead of dealing with paper and postage, or expensive online transactions. Digital Checks offer a clear financial and operational advantage for businesses with instant delivery, and online deposit, at a fraction of the cost of other payment options.