hrtechoutlook

Payroll infrastructure startup Check Announces its public launch with $35 million Series B investment from Stripe and Thrive

HR Tech Outlook | Monday, February 01, 2021

Check was established in 2019 by the team that built Oyster, the Netflix for books, which was acquired by Google in 2015. The company has employees across the United States, with headquarters/hubs in New York, Atlanta, and San Francisco, and brings together world-class technology and payroll expertise.

Fremont, CA: Check, a first-of-its-kind payroll infrastructure startup whose mission is to make paying people simple, has declared its public launch today with $35 million in Series B funding from Stripe and Thrive Capital.

"We built Check to enable innovation in the way people get paid, and I'm thrilled to share our public launch," stated Andrew Brown, CEO and co-founder. "With Check, developers can now build wage payments into their apps just as easily as accepting an online payment."

Check was established in 2019 by the team that built Oyster, the Netflix for books, which was acquired by Google in 2015. The company has employees across the United States, with headquarters/hubs in New York, Atlanta, and San Francisco, and brings together world-class technology and payroll expertise. With the close of its $35 million Series B from Stripe and Thrive, Check has raised $44 million to date. Last year it secured an $8 million Series A led by Bedrock with activated participation from Thrive and Index as well as in 2019, it raised a $1 million Seed round from Bedrock. The company plans to utilize the funds to continue to grow the team.

Significant progress has come to financial services — and payments in particular — in the past decade, driven by progress in infrastructure. By efficiently creating an abstraction layer across an increasingly fragmented financial system, a new class of API-centric businesses made it possible for developers to embed payment as well as data tools into their products. These platforms made it easy to simplify payments to businesses. 

"Check has developed an elegant solution that abstracts complexity, reduces risk, and removes friction in the payroll process that every company has to navigate," stated Chris Sperandio, corporate development with Stripe. "The Check team is uniquely suited to continue innovating in this domain and make paying people simple."

Weekly Brief

Read Also