Check formerly Pageonce the award-winning mobile app revolutionizing the way consumers track and pay bills today announced a 24 million Series C investment led by new investor Menlo Ventures Existing investors Morgenthaler Ventures and Pitango Venture Capital also participated Menlo Ventures Doug Carlisle will join Check’s board and Avery More founder and former CEO of CompuCom joins as an independent board member
Americans make 4 trillion worth of bill payments per year and Check is transforming the bill payment industry with a simple fast and easy-to-use mobile app said Guy Goldstein CEO Check We are excited to partner with Menlo Ventures a firm with a highly experienced team and history of success ‘
Today Check is processing more than half a billion dollars of payment volume annually With nearly 10 million customers on its platform the company has widespread adoption
Check is in an excellent position to disrupt an industry with 20 billion in revenues said Doug Carlisle Managing Director Menlo Ventures We are excited to be involved in the company’s growth ‘
Unlike bank bill payment services Check’s free mobile app can be used to pay any bill anytime anywhere and with any payment method Giving customers a complete view into their personal finances across multiple providers the top-rated app makes it simple to see balances view transactions and make payments on the fly including same-day payments from a mobile device
Check – Bills amp Money is a free app available in Google Play and the iTunes App Store
About Check
Launched in , Check is a leading mobile payments company Its free top-rated mobile app is used by nearly 10 million customers to pay bills and track personal finances For more information visit Check me
About Menlo Ventures
Menlo Ventures provides capital for seed through growth technology companies in the consumer and enterprise sectors For decades the firm’s market-driven research analysis has led to the identification of and successful exits in innovative technology markets Notable research areas of investment include Mobile Siri Uber TeleNav Enterprise Storage 3PAR Spinnaker Networks Coraid Communications Acme Packet Cavium Networks and Consumer Fab Tumblr Carbonite Roku Founded in , Menlo’s portfolio includes 70 public companies and more than 100 mergers and acquisitions Throughout the firm’s history Menlo’s deep network of portfolio entrepreneurs angels and advisors are a key resource made available to all of our family of investments Menlo Ventures has 4 billion under management and is currently investing Menlo Ventures XI a 400 million fund with 20 million allocated to our Menlo Talent Fund for fast seed funding For more information visit http://www menlovc com
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