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

Founded in 2015 by CEO PJ Gupta, Checkbook 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, allowing senders to earn money with every payment. The payments can be sent online without requiring recipient’s ACH info, thereby completing the last mile of payments easily.