What is CrossCheck?
CrossCheck, Inc. has been a cornerstone of the payment solutions industry since 1983, processing billions in check-transaction dollars annually across the United States. The company specializes in enhancing profitability and mitigating risk for businesses in diverse verticals, including automotive, auto aftermarket, building materials, home furnishings, specialty retail, and the medical-dental and veterinary sectors. Its comprehensive suite of services encompasses advanced check conversion technology, web-based transaction processing, remote deposit capture, and premium solutions tailored for specific industry needs. With established offices in Petaluma, California, and Irving, Texas, CrossCheck leverages its extensive experience to provide efficient and cost-effective check verification, guarantee, and conversion services.
How much funding has CrossCheck raised?
CrossCheck has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
What's next for CrossCheck?
The recent major strategic investment signals a pivotal phase for CrossCheck, likely aimed at expanding its technological capabilities and market reach within the competitive payment processing landscape. This infusion of capital, part of its $1M in overall financing, suggests a strategic focus on enhancing its existing service offerings and potentially exploring new verticals or digital payment innovations. The company's long-standing history and established client base provide a solid foundation for future growth, with this latest backing poised to accelerate its development and solidify its position as a leader in check-related payment solutions.
See full CrossCheck company page
