Payroll infrastructure startup Check raises $75m Series C to accelerate growth
Check, the payroll infrastructure company that lets platforms embed payroll into their products, announced it has raised a $75 million Series C led by Stripe, with participation from existing investors Bedrock, Thrive and Index. The company will use the funding to continue to make Check the easiest and most robust platform to build, launch, and scale new payroll businesses.
Andrew Brown, CEO and Co-founder, Check: "The last decade has made it clear that the democratization of infrastructure can lead to explosive innovation. It's humbling seeing how - in just a year - platforms serving millions of employees across the country have chosen to work with Check. With this new injection of funding, we're excited to accelerate our efforts to simplify how businesses pay their employees."
Check publicly launched in January 2021. Since then, it has partnered with best-in-class vertical SaaS, workforce management, financial services, and staffing businesses, and supports all 50 states plus D.C. Check's partners collectively serve more than 250K businesses and 4 million employees, and include Homebase, ServiceTitan, and Procare, among others.
Check offers everything companies need to build, launch, and scale a payroll product, including Check's intuitive API; Components, which enable flexible and customizable solutions; and a user-friendly customer management dashboard, Console. Payroll powered by Check embeds a simplified solution in the software platform businesses already use on a daily basis. Instead of syncing data to a standalone payroll provider, Check enables a radically improved user experience, in addition to unlocking a powerful new revenue stream for those platforms.
Chris Sperandio, Corporate Development, Stripe: "Given Check's technology-first approach - empowering developers with a programmatic infrastructure — it is ideally positioned to capitalize on growing demand for embedded payroll. Check offers a tailored, tightly integrated payroll platform and truly elegant experience - enabling companies to get started faster. We are thrilled to continue to support the Check team on their exciting journey."
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