What Checkflo does

Checkflo is a cloud-based check printing and mailing service operated by PaymentFlo Inc., a privately held financial technology company headquartered in Montreal, Canada, with a US fulfillment facility in Champlain, New York. The platform automates the end-to-end business check fulfillment workflow, including file intake via QuickBooks Online, CSV upload, REST API, or SFTP/EDI; MICR-compliant check printing on tamper-evident security stock with a seven-layer anti-fraud feature set; document matching; mailing through USPS first-class or FedEx overnight; and real-time tracking via webhooks. Two processing models are offered: Standard Check Processing, where customer funds remain in their own bank accounts while Checkflo handles issuance and mailing, and Managed FBO Check Processing, which uses bank-managed For-Benefit-Of accounts for high-volume, regulated disbursement programs with reconciliation and escheatment support.

The company monetizes on a per-check transaction fee of $1.99 (with custom pricing above 5,000 checks per month) and bundles printing, security features, postage, and reporting into a single all-in rate with no setup fee, monthly minimum, or prefunding requirement. Go-to-market is product-led and self-serve for SMBs, accountants, and bookkeepers, supplemented by API-first distribution to enterprise customers and platform partners such as KyckGlobal and DataBlend; distribution is reinforced through the QuickBooks AppStore listing and a MoneyGram-powered cash-payment extension into the US gaming and lottery vertical. The company holds SOC 2 Type 2, HIPAA, ISO 27001, and PCI DSS 3.2 certifications and is led by a small management team (1-10 employees), with no external institutional funding disclosed and no public revenue figures released.

Name

Checkflo

Legal name

PaymentFlo Inc.

Website

https://checkflo.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Checkflo, a PaymentFlo Inc. brand, provides cloud-based automated check printing and mailing services for SMBs, accountants, and high-volume enterprise disbursement programs across North America, monetizing at $1.99 per check with QuickBooks, API, and SFTP integrations.

Ownership category

akta.pro rank

Product category

Check Printing and Mailing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Payroll Services (541214)

SIC

Blank Checks (6770), Finance Services (6199)

akta.pro primary industry

Lockbox, Check Scanning & Paper Bill Processing (FSAMAJAK)

akta.pro secondary industries

Payment Posting, Reconciliation & Cash Application for Bills (FSAMAJAL), Payroll Audit, Reconciliation & Payroll Controls (BPACAIAJ)

Keywords

• Check printing services
• Check mailing services
• Accounts payable automation
• Check processing API
• Payment fulfillment software

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Per-Check Transaction Fees: Flat service fee per check printed and mailed. No monthly subscriptions, setup fees, or minimum order requirements. Includes branded pressure-sealed checks, 7+ security features, one-day dispatch, and historical reporting. Custom packages available for volumes exceeding 5,000 checks monthly.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Checkflo automates the complete business check fulfillment workflow — file intake from QuickBooks, CSV, SFTP, or REST API; bank-compliant MICR check printing; automated document matching; mailing via USPS or FedEx; real-time delivery tracking with webhooks; and reconciliation reporting including Positive Pay exports. The service operates in two modes: Standard Check Processing using the customer's existing bank accounts, and Managed FBO Check Processing for high-volume regulated disbursement programs using bank-managed accounts.

Product overview

Checkflo is a cloud-based check fulfillment platform that automates business check printing, mailing, and reconciliation. The core offering consists of the Checkflo Core Platform, which handles the complete check lifecycle from file intake through delivery. Users can submit payments via the QuickBooks App (native integration), CSV file upload, REST API, or SFTP/EDI batch processing. The platform offers two processing models: Standard Check Processing for routine workflows using the customer's existing bank accounts, and Managed FBO Check Processing for high-volume regulated programs with bank-managed accounts. Supporting products include Laser Three-Fold Checks and Pressure Seal Checks as paper stock options, Positive Pay Reporting for fraud prevention, and Shipment Tracking Webhooks for delivery monitoring. An optional MoneyGram integration enables cash payment solutions for gaming and lottery industries, and escheatment services support unclaimed property compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Checkflo Core Platform Automated business check printing and mailing platform that handles the complete check fulfillment workflow including file intake, MICR-based check printing, document matching, mailing via USPS or FedEx, tracking, and reconciliation reporting. Designed for SMBs, accountants, and enterprises that need to issue vendor, payroll, refund, or claims checks without manual in-house processing.
• Standard Check Processing Outsourced check fulfillment service where Checkflo manages the entire workflow — printing, mailing, tracking, and reporting — while funds remain in the customer's existing bank accounts. Supports routine check runs and complex multi-department, multi-entity workflows at $1.99 per check with no monthly fee or minimum order.
• Managed FBO Check Processing High-volume disbursement program for regulated industries where funds are held in bank-managed FBO (For Benefit Of) accounts. Includes issuance, printing, mailing, reconciliation, and escheatment support with monthly management and bank fees. Suited to organizations that need separation of funds, managed disbursements, enhanced reconciliation, and unclaimed property support.
• Checkflo REST API Integration Developer-facing REST API for programmatic check issuance, batch uploads, document attachments, delivery monitoring, and Positive Pay data retrieval. Includes sandbox access, webhook notifications, and HTTPS-secured endpoints for enterprise customers requiring system-to-system automation.
• Checkflo QuickBooks Online App Native QuickBooks Online integration app available on the Intuit AppStore that enables one-click import of checks, automatic sync of check numbers and payment status back to QuickBooks for seamless reconciliation.
• CSV File Upload Service Drag-and-drop CSV payment file upload for batch check processing, enabling same-day onboarding with flexible file formats for payment data import without requiring API integration.
• Laser Three-Fold Checks Cost-effective check stock folded into three parts, ready for envelope insertion. Features MICR printing, advanced security features, and full customization options including company branding.
• Pressure Seal Checks All-in-one check solution using pressure-seal technology that creates a secure seal without envelopes, designed for high-volume mailing operations requiring enhanced security and efficiency.
• Escheatment Services Unclaimed property and escheatment support services for managing dormant payments and regulatory compliance with state unclaimed property laws, paired with the Managed FBO Check Processing offering.
• MoneyGram Cash Payments for Gaming and Lottery Cash payment solutions for gaming and lottery industries enabling same-day fund access and nationwide cash-in/cash-out capabilities delivered through the MoneyGram partnership.

Quantifiable outcome

• 50%+ cost reduction compared to in-house check printing and mailing
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• KyckGlobalcoreStrategic or Co-development Partner · 10 February 2022KyckGlobal partnered with PayFlo to expand digital disbursement options. KyckGlobal provides technology layer via API integration while PayFlo provisions physical checks for KyckGlobal's platform, enabling fifteen unique payment types including PayPal, Venmo, push to card, and cross-border solutions.
• MoneyGramcoreStrategic or Co-development PartnerPayflo Inc. partnered with MoneyGram to launch cash-in and cash-out payment solutions for the U.S. gaming and lottery industry. The partnership enables seamless integration with same-day fund access and nationwide reach for both players and operators.
• QuickBooks OnlinecoreTechnology or IntegrationNative integration with Intuit's QuickBooks Online accounting software. Users can import checks with a single click, and Checkflo syncs check numbers and statuses back to QuickBooks automatically.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• PrintBoss: Check printing and MICR-enabled software solution tightly integrated with accounting platforms. Competes with Checkflo on QuickBooks and other accounting-software-driven check printing workflows for SMBs and accountants.
• OnlineCheckWriter: Cloud-based check printing and mailing platform serving SMBs, accountants, and enterprises. Direct functional overlap with Checkflo on outsourced check printing, mailing, MICR compliance, and QuickBooks-style accounting integrations.
• VersaCheck: Check printing software and services for businesses, including MICR hardware/printer bundles and cloud check fulfillment. Operates in the same outsourced and self-serve check printing niche as Checkflo with comparable SMB/accountant focus.
• Checkeeper: Online check printing and mailing service for SMBs. Closely comparable to Checkflo's standard processing offering — same target SMB, same outsourced paper check fulfillment model, with similar pricing-per-check structure.

Broad incumbents

• BILL Holdings (Bill.com): Leading AP automation and B2B payments platform for SMBs and mid-market. Competes for the same accounts payable buyer Checkflo targets but emphasizes digital/ACH/card rails; represents the secular digital-substitution threat to Checkflo's paper check core.
• Bottomline Technologies: B2B payments and financial operations platform serving corporates and banks, including check disbursement, Positive Pay, and fraud prevention capabilities. Competes with Checkflo for enterprise treasury and AP teams that need secure check-related payments infrastructure.
• Harland Clarke (now Versapay): Major provider of checks, check-related products and payment solutions to financial institutions and businesses. Direct overlap with Checkflo on outsourced business check printing and mailing, but typically serves larger FI-direct customers with broader payment products.
• Deluxe Corporation: Large diversified provider of check printing, business services, and payment solutions for financial institutions and SMBs. Overlaps with Checkflo on outsourced business check fulfillment and security/Positive Pay offerings, but operates across a much broader portfolio (marketing, small business services, payments).

Emerging players

• Stampli: AI-driven AP automation platform for mid-market. Adjacent rather than direct: targets the same AP buyer in SMB/mid-market space, but focuses on digitizing invoice approvals and ACH/card payments rather than check fulfillment.
• Tipalti: Global payables automation platform covering supplier onboarding, tax compliance, and disbursement. Competes for the same AP budgets as Checkflo's enterprise/regulated segment but routes payments via global digital rails; represents the digital substitute trend in the SMB/enterprise AP market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/checkflo
• LinkedInlinkedin.com/company/checkflo
• Xx.com/checkflochecks

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Checkflo