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 & Money is a free app available in Google Play and the iTunes App Store.