Checkbook Raises $10M in Series A Financing
- Checkbook Inc., a San Mateo, California-based digital payment system provider, raised $10m in Series A funding
- The round was led by MassMutual Ventures with participation from IA Capital, JPMorgan Chase and Cross River Digital Ventures, as well as previous other investors
- The company intends to use the funds to continue to expand operations and its business reach
- The company is building a Digital Payment system to transmit funds in real-time – with no need for recipients to sign up for any service or download any app
- The platform provides businesses with solutions that fit their needs whether it’s pushing a payment directly to their recipient’s bank or sending them a virtual card
- The payments can be sent online without requiring recipient’s ACH info, thereby completing the last mile of payments easily
