Check, a NYC-based payroll infrastructure startup, launched with $35m in Series B funding. Backers included Stripe and Thrive Capital. This brings the total raised to $44M, including an $8M Series A raised early last year led by Bedrock with participation from Thrive and Index, and a $1M seed investment by Bedrock in 2019.
“We built Check to enable innovation in the way people get paid, and I’m thrilled to share our public launch,” said 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 has developed an elegant solution that abstracts complexity, reduces risk, and removes friction in the payroll process that every company has to navigate,” said Chris Sperandio, corporate development with Stripe. “The Check team is uniquely suited to continue innovating in this domain and make paying people simple.”
The company intends to use the funds to continue to expand operations and its business reach.
Announcement: Check Raises $35M in Series B