Checkbook
Checkbook is a digital push payments platform providing a single API to send payments across ACH, RTP, FedNow, and Push to Card rails, serving insurance, fintech, marketplace, government, and SMB clients without requiring recipient enrollment.
- Company typePrivate
- Founded2015
- HeadquartersSan Mateo, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Checkbook does
Checkbook is a digital push payments platform founded in 2015 and headquartered in San Mateo, California. The platform provides a single API that connects senders to more than eight payment rails, including ACH, RTP (Real-Time Payments), FedNow, Push to Card via Visa Direct and Mastercard Send, Virtual Cards, Venmo, PayPal, Check21 (electronic checks), and mailed/printed checks. This rail-agnostic architecture allows businesses to choose payment methods based on speed, cost, and recipient preference without requiring recipients to enroll in a new network. Checkbook operates as a Payment Service Provider (PSP) and does not hold client funds, which simplifies its regulatory footprint relative to full-stack neobanks and makes it straightforward to layer onto bank and core-processor partners.
The company's commercial model combines a SaaS subscription (Business plan at approximately $2,000/month) with per-transaction fees and white-label marketplace revenue. Checkbook targets several verticals, including insurance (claims payouts, premium disbursements, and adjuster workflow via the Sureti acquisition), fintech and financial services, marketplaces, government agencies, SMB-focused accounts payable, and entertainment. Named customers and integration partners span BCU, Beanworks, Yooz, ACE, Allied World, Coupa, Cross River, TouchNet, Vault.Insurance, Castifi, Line Financial, and government entities. The platform integrates with accounting and commerce ecosystems including QuickBooks, Sage Intacct, Accounting Seed, WooCommerce, Plaid, Fiserv, and LianLian Global, allowing customers to embed payouts within existing AP, claims, and vendor-management workflows.
Strategically, Checkbook has built a bank- and network-anchored distribution model through partnerships with JPMorgan, Cross River, Fiserv, Visa Direct, Mastercard Send, and LianLian Global. The company raised a $10M Series A in November 2021 led by MassMutual Ventures, with participation from JPMorgan, Cross River, Fiserv, and Primetime Partners, and acquired Sureti in January 2025 to deepen its property insurance claims vertical. In January 2026, Checkbook transitioned from founder-led governance to a co-CEO model, appointing Pia Thompson (ex-JPMorgan Treasury Services) alongside Aditya Raikar, while founder PJ Gupta moved to Executive Chairman. Headcount is reported in the 51-100 range.
Checkbook firmographics
Firmographics- Name
- Checkbook
- Legal name
- Checkbook Inc.
- Website
- https://checkbook.io
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Checkbook is a digital push payments platform providing a single API to send payments across ACH, RTP, FedNow, and Push to Card rails, serving insurance, fintech, marketplace, government, and SMB clients without requiring recipient enrollment.
- Ownership category
- akta.pro rank
Checkbook industry classification
Industry- Product category
- Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)
- akta.pro secondary industries
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), In-App / Online Checkout Wallets (FSAMAEAH)
Keywords
Where Checkbook is headquartered
LocationHeadquarters
- HQ city
- San Mateo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Checkbook business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription - Business Plan: Monthly platform subscription at $2000/month for Business tier with reduced transaction rates, expanded functionality, CSV upload, API access, 3rd party integrations, check approvals, authorized users, white-labeling, marketplace features, live support, dedicated CSM, and private Slack channel.
- Subscription - Enterprise Plan: Custom pricing and solution for Enterprise tier with full availability of features.
- Transaction Fees: Per-transaction fees for ACH debits/credits, Same-Day ACH, Push to Debit (OCT), RTP/FedNow, Venmo, Print & Deposit (Digital Check), and USPS mail per check. Additional fees for printed attachments ($0.39/page), ACH returns ($15), ACH chargebacks ($35), and stop payments ($25). No percentage-based fees.
- Widget and Embedded Payments: Revenue from white-label marketplace solutions and embedded payment widgets for marketplaces, allowing customers to facilitate payments between their users.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Business Plan - $2000/month with reduced rates and expanded functionality |
| Subscription | Multi-year contract | Enterprise Plan - Custom pricing with full feature availability |
| Unit Pricing | Pay-as-you-go | Transaction-based pricing for specific payment rails |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
Checkbook product offering
Product offeringCore offering
Checkbook provides a single RESTful API that enables businesses to send digital payments at scale across multiple payment rails including ACH, Real-Time Payments (RTP), FedNow, Push to Card, Virtual Cards, PayPal, Venmo, Check21, and printed or mailed checks. The platform eliminates the need for recipient enrollment, allowing businesses to disburse payments via email or phone while supporting white-label marketplace, multi-party, and recurring payment workflows.
Product overview
Checkbook is an all-in-one push payments platform designed for businesses to disburse payments at scale. The core Payments Platform supports multiple payment rails including ACH Payments, Real-Time Payments (RTP), FedNow Payments, Push to Card, Virtual Cards, Printable Checks, and Mailed Checks. Additional products include Invoices for digital invoice creation and payment requests, Checkbooks for customized physical checkbooks, Insurance Solution for insurance claims disbursements, Marketplace for white-label multi-party payment facilitation, Multi-Party Payments for endorsable digital payments, and Widgets for pre-built UI components. The platform operates via RESTful API with webhook support, enabling integration with accounting systems like QuickBooks, Sage Intacct, and Accounting Seed, plus e-commerce via WooCommerce. Recipients do not need to create an account or share sensitive banking information to receive payments.
Differentiator
Problem solved
Functional benefit
Products and services
- Payments Platform
Quantifiable outcome
- 2 million+ digital check users reached by September 2018
- +3 more outcomes
Companies that use Checkbook
Customer profileNamed customers12 records
Segments6 records
Ideal customer profiles5 records
Checkbook technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature8 records
Checkbook partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and flagship.
- LianLian GlobalcoreStrategic partnership announced November 2025 to improve cross-border payments targeting merchants, students, and travel agencies worldwide. Collaboration enhances payment efficiency through technology integrations including PayPal payouts and ACH transfers.
- sureticoreAcquired sureti in January 2025 to deliver end-to-end payment solution for the property insurance ecosystem. Aims to address industry challenges like slow claims processing, contractor cash flow issues, and payment bottlenecks.
- VisaflagshipMulti-year collaboration announced March 2024 for expediting disbursements via Visa Direct. Checkbook implemented Visa Direct to enable real-time payments to 8.5B+ endpoints globally. Builds on Visa FastTrack participation in 2021 and Virtual Card program. PJ Gupta, CEO, stated goal of offering comprehensive suite of modern payment options with single API.
- FiservcoreCollaboration announced June 2022 enables Fiserv to offer digital checks as payout options for businesses using its Carat operating systems. Part of Fiserv's expansion of mass payout options to reduce operational costs associated with paper checks.
- Visa FastTrackflagshipParticipated in Visa's FastTrack program in 2021, enabling Checkbook to access Visa's global payment infrastructure and accelerate growth. Visa FastTrack helps fintechs build and launch payment solutions.
- PlaidcorePartnership with Plaid provides instant account verification services, enabling bank accounts to be verified within seconds instead of traditional multi-day microdeposit process. Essential for real-time payment onboarding.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Checkbook competitors and assessment
Company assessmentDirect peers
- Dwolla: Dwolla is an API-first push payments platform specializing in ACH and bank-to-bank transfers for businesses. It is one of the closest functional analogs to Checkbook's bank-rail aggregation play, with comparable developer-first GTM and SMB/mid-market customer base.
- Modern Treasury: Modern Treasury provides payment operations software for businesses to initiate, track, and reconcile payments across ACH, RTP, wire, and check. It competes directly with Checkbook's multi-rail API approach but at a higher enterprise tier and with significantly more venture funding.
- Melio: Melio is a B2B payments platform focused on accounts payable and receivables for SMBs via ACH and card payments. It overlaps with Checkbook's SMB/mid-market payables segment and flat-fee positioning.
- Tipalti: Tipalti offers mass payouts, global payables, and marketplace/partner payments automation, including multi-rail disbursement. Its marketplace payouts and white-label capabilities are directly comparable to Checkbook's marketplace product.
- Routable: Routable provides a B2B payments API for sending vendor payouts and receiving payments across ACH, check, and card. It is a direct competitor in digital check issuance and payables automation for SMB and enterprise.
- Branch: Branch provides instant payouts and workforce payment infrastructure to gig and hourly employers via Push-to-Card and earned-wage-access rails. Its push-payment focus on speed and recipient UX overlaps with Checkbook's instant-pay positioning.
Broad incumbents
- Bill.com: Bill.com is a broad incumbent in AP/AR automation for SMBs and mid-market companies, offering check, ACH, and card-based vendor payments. It is a much larger, publicly relevant platform that competes in the same end customer use cases as Checkbook, especially in AP workflows.
- Stripe: Stripe's Connect and Treasury products enable platforms to send payouts to recipients globally across multiple rails. As a broad incumbent with vastly greater capital, Stripe is the dominant competitor for any platform/marketplace use case Checkbook targets.
- Plaid: Plaid provides bank connectivity, instant verification (IAV), and increasingly payment initiation rails. Checkbook integrates Plaid for verification and overlaps with Plaid's expanding push-payments roadmap, making Plaid both a partner and a strategic competitor.
Emerging players
- Orum: Orum is an emerging payment orchestration platform focused on instant bank-to-bank payouts via RTP and FedNow, with fraud-detection features. It is a narrower but technically overlapping competitor in the instant-payments space Checkbook is targeting.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Checkbook social profiles
Digital presenceCheckbook compliance and trust
Trust signalCompliance1 record
Checkbook financial estimates
Financial estimateRevenue estimate
Valuation estimate
Checkbook leadership team
Management profileNumber of profiles
Profiles4 records
Checkbook funding detail
Funding detailFunding overview
Funding rounds2 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Checkbook M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Checkbook
What does Checkbook do?
Checkbook provides a single RESTful API that enables businesses to send digital payments at scale across multiple payment rails including ACH, Real-Time Payments (RTP), FedNow, Push to Card, Virtual Cards, PayPal, Venmo, Check21, and printed or mailed checks. The platform eliminates the need for recipient enrollment, allowing businesses to disburse payments via email or phone while supporting white-label marketplace, multi-party, and recurring payment workflows.
Is Checkbook a public or private company?
Checkbook is a private company. It is classified as venture growth investor backed and is currently operating.
When was Checkbook founded?
Checkbook was founded in 2015. It employs 51 to 100 people.
Where is Checkbook based?
Checkbook is headquartered in San Mateo, United States, in the North America region.
How does Checkbook make money?
Four revenue lines are on record. Subscription - Business Plan is the primary driver. The others are subscription - Enterprise Plan, transaction Fees and widget and Embedded Payments.
Who are Checkbook's main competitors?
Direct peers on record are Dwolla, Modern Treasury, Melio, Tipalti, Routable and Branch. Broad incumbents are Bill.com, Stripe and Plaid. Orum is listed as an emerging player.
Does Checkbook have an API?
Yes. Checkbook provides a RESTful API enabling developers to send single or bulk payments, track payment status, onboard customers, manage invoices, create marketplace users, and access various payment rails including ACH, RTP, FedNow, Push to Card, Virtual Cards, PayPal, Venmo, Wire, and mailed/printed checks. The API supports webhook notifications, idempotent requests for reliable payment processing, rate limiting, OAuth for marketplace integrations, and JWT-based authentication. A sandbox/demo environment is available for testing. Developer documentation is at docs.checkbook.io.
What industry is Checkbook in?
Checkbook's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAMAFAC, Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant), with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 52232.