# Green Check Verified

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/green-check-verified

- Industry: Financial Services
- Headquarters: US
- Website: www.greencheckverified.com
- Total disclosed funding: $6.4M
- Latest round: Series A (Nov 28, 2022)
- Investors on record: 2

## About

Green Check Verified Inc. is a leading provider of compliance solutions for the cannabis banking sector in the US, simplifying financial services access for cannabis businesses and financial institutions.Founded in 2017 in the US, Green Check Verified Inc. specializes in compliance solutions for the cannabis industry. The company is led by CEO Kevin Hart and has secured USD 4.26 mn in Series A funding, primarily from Mendon Venture Partners, with a total amount raised of USD 4.26 mn. Green Check has completed 6 deals, with the most recent deal date being November 28, 2022.Green Check offers a comprehensive suite of services aimed at financial institutions and cannabis businesses, facilitating compliance and operational efficiency within the cannabis banking sector. Central to their offerings is the Green Check Connect marketplace, which connects cannabis businesses with essential financial services, including banking, payments, insurance, and payroll. Their innovative API platform, Access, enables developers to create custom financial solutions tailored to the cannabis industry by providing access to compliance data, transaction information, and company details. The end users of these services include cannabis businesses seeking reliable financial solutions and financial institutions looking to enter or expand within the cannabis market. Green Check's products are predominantly marketed and utilized across the United States, particularly in states where cannabis has been legalized for medical or recreational use.Green Check generates revenue through a transactional model that includes partnerships and subscription services, primarily focused on the cannabis industry. Clients, which include cannabis businesses and financial institutions, engage in transactions through the Green Check marketplace, where they can access various service providers. The structure of these transactions typically involves subscription fees for services rendered, partnership agreements, and potential commission-based revenue from successful service matches. Specific pricing plans and costs associated with individual services are integral to the company's revenue model but are not publicly disclosed. Green Check’s flagship offerings, such as their compliance API and marketplace platform, play a crucial role in facilitating these transactions, ensuring that clients benefit from streamlined processes and enhanced operational capabilities.In November 2022, Green Check Verified Inc. raised USD 4.26 mn in Series A funding led by Mendon Venture Partners. This funding will be utilized to develop new products aimed at enhancing their compliance solutions for the cannabis sector, and to expand their market reach into additional states where cannabis legalization is on the rise. The company is assessing opportunities to introduce new functionalities within their Green Check Connect marketplace and API platform to better serve the evolving needs of cannabis businesses and financial institutions.

## Funding rounds

- Series A, Nov 28, 2022, $4.3M — Mendon Venture Partners
- Seed, Dec 23, 2020, $2.1M — Alumni Ventures Group

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Mendon Venture Partners (https://capitalatlas.ai/funds/mendon-venture-partners) — Series A