# Checkbook

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/checkbook

- Industry: Financial Services
- Headquarters: San Mateo, US
- Website: www.checkbook.io
- Total disclosed funding: $10M
- Latest round: Series A (Nov 1, 2021)
- Investors on record: 4

## About

Based in California, US, and founded in 2015, by CEO PJ Gupta, Checkbook Inc., aka Checkbook, offers a digital payment system platform that focuses on sending/disbursing payments that reduce paper checks and ensure security by providing a choice of settlement rails. In November 2021, Checkbook Inc. raised USD 10 million in a Series A funding led by MassMutual Ventures, Cross River Digital Ventures, IA Capital Group, and JPMorgan Chase.

The company provides payment and invoice solutions, such as ACH payments, mailed checks, printed checks, instant pay virtual cards, and real-time payments to businesses by sending money directly to the recipient’s bank or sending them a virtual card that allows users to make money with every transaction. The payment can be sent online without requiring the recipient’s ACH information. Checkbook also offers multi-party payment, a payfac marketplace, integrations solutions to companies as well as company offers customized subscription plans for enterprises.

The company generates revenue from the subscription to its software package, which costs USD 499 per month.

## Funding rounds

- Series A, Nov 1, 2021, $10M — IA Capital Group, JP Morgan Asset Management, MassMutual Ventures, Cross River Digital Ventures

## Investors

- IA Capital Group (https://capitalatlas.ai/funds/ia-capital-group) — Series A
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series A
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A
- Cross River Digital Ventures (https://capitalatlas.ai/funds/cross-river-digital-ventures) — Series A