What is Check?
Based in New York, NY, Check Technologies operates as a critical infrastructure provider for the payroll and human resources industry. The company offers a comprehensive suite of tools designed to simplify the complexities of payroll processing, tax compliance, and employee management. By providing an API-first approach to payroll, Check enables other platforms to embed payroll functionality directly into their own products, effectively acting as the backbone for modern HR management software. This unique positioning allows the company to capture significant value within the burgeoning fintech and HR-tech ecosystems, serving as a vital link between financial institutions and enterprise software providers.
How much funding has Check raised?
Check has raised a total of $119M across 4 funding rounds:
Angel/Seed
$1M
Series A
$8M
Series B
$35M
Series C
$75M
Angel/Seed (2019): $1M with participation from Bedrock Capital Management
Series A (2020): $8M led by Index, Bedrock, and Thrive
Series B (2021): $35M supported by Stripe Inc. and Thrive Capital
Series C (2022): $75M featuring Bedrock Capital Management, Stripe, Index Ventures, and Thrive Capital
Key Investors in Check
Bedrock Capital Management
Bedrock Fund Management, LLC is a technology investment firm focused on identifying and capitalizing on narrative violations in the market, providing innovative solutions to its clients.
Stripe
Stripe is a global technology company that builds economic infrastructure for the internet, offering a comprehensive payments platform and business management applications.
Index Ventures
Index Ventures is a premier venture capital firm that partners with bold entrepreneurs from the seed stage through to IPO, focusing on building enduring, category-defining companies.
What's next for Check?
Looking ahead, the strategic deployment of the $75M will likely focus on accelerating product innovation and expanding the company's engineering capabilities. As Check continues to scale, the focus will shift toward enhancing its API reliability and broadening its compliance coverage to support a more diverse range of enterprise clients. The involvement of high-profile investors suggests a long-term roadmap centered on market consolidation and the establishment of a dominant standard for payroll infrastructure. By maintaining its focus on developer-centric solutions and seamless integration, Check is poised to remain a central pillar in the digital transformation of human capital management.
See full Check company page
