Check, a payroll infrastructure company that lets platforms embed payroll into their products, has raised a $75m in a Series C round led by Stripe.
The round also saw participation from existing investors Bedrock, Thrive and Index. The company will use the funding to continue to make Check the “easiest and most robust platform to build, launch, and scale new payroll businesses.”
Check’s platform provides the tools to need to build, launch and scale a payroll business, including its intuitive API, Components, which enables flexible and customisable solutions; and a user-friendly customer management dashboard, Console.
The company publicly launched in January 2021. Since then, it has partnered with vertical SaaS, workforce management, financial services, and staffing businesses, and supports all 50 US states.
Chris Sperandio, corporate development at Stripe, said, “Given Check’s technology-first approach — empowering developers with a programmatic infrastructure — it is ideally positioned to capitalize on growing demand for embedded payroll.
“Check offers a tailored, tightly integrated payroll platform and truly elegant experience — enabling companies to get started faster. We are thrilled to continue to support the Check team on their exciting journey.”
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