Breaking
Stripe leads $75M Series C into Check at a $725M valuation Wave switches on payroll for 300,000+ small businesses via Check 65+ platforms now build payroll on Check Q1 2025: partners moved nearly $1B in payroll per month, ~3x YoY 1M+ employees paid · 35,000+ businesses · $15B+ processed a year W-2 filings run at 99.9% accuracy Stripe leads $75M Series C into Check at a $725M valuation Wave switches on payroll for 300,000+ small businesses via Check 65+ platforms now build payroll on Check Q1 2025: partners moved nearly $1B in payroll per month, ~3x YoY 1M+ employees paid · 35,000+ businesses · $15B+ processed a year W-2 filings run at 99.9% accuracy
Company Profile · Fintech Infrastructure

The payroll engine inside your favorite software

Check turns payroll's tax, filing and compliance maze into a single API - so any platform can build and sell its own payroll product.

Founded 2019 New York, NY Backed by Stripe ~170 employees
Check company logo - embedded payroll infrastructure
CHECK / New York, NY. The wordmark most workers never see - Check's partners put their own brand on the payroll product, and Check runs the plumbing underneath.
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The Story

Payroll, sold by the people who never wanted to build it

Ask any software founder about adding payroll and you will hear a groan. It means tax tables for all 50 states, deadlines that never move, and money that has to land in the right account on the exact right day. Check exists so they never have to build that.

Check is a New York fintech that provides embedded payroll infrastructure. In plain terms: it gives software platforms an API and a set of drop-in components that let them offer full-service payroll to their own customers, under their own brand. Check handles the hard, invisible parts - gross-to-net tax calculation, money movement, real-time payments, tax filing, and compliance across states and jurisdictions.

The company was founded in 2019 by Andrew Brown, Eric Stromberg and Vivek Patel, the same team that built Oyster, an unlimited e-book subscription service acquired by Google in 2015. Rather than chase another consumer product, they picked one of the least glamorous problems in business software and rebuilt it from the plumbing up.

Check emerged from stealth in January 2021. By 2025 it had grown into a business that pays more than a million employees, serves over 35,000 small businesses, and processes north of $15 billion in payroll a year - all through the platforms that build on it.

The pitch is often described as the Stripe thesis applied to payroll: take a regulatory swamp and turn it into a few lines of code. It is fitting, then, that Stripe led both of Check's largest funding rounds.

By the numbers
1M+
Employees paid
35,000+
Businesses served
$15B+
Processed annually
65+
Platform partners
How it works

From API call to paycheck

A partner integrates once. Check does the rest, quietly, every pay cycle.

1

Embed

A platform integrates Check's API and drop-in components, adding payroll inside its existing product.

2

Onboard

Employers and employees are set up through self-service onboarding and payroll migration tools.

3

Run

Check calculates taxes, moves money, and issues real-time payments each cycle.

4

File

Tax filings and W-2s are handled across states - at 99.9% filing accuracy.

“More payroll runs on Check than any other embedded solution.”
- Check, company positioning
Products & Services

One API, a full payroll stack

Core

Payroll Infrastructure API

The engine that runs payroll end to end - tax calculation, money movement, real-time payments, filing and multi-state compliance - through a single API.

Interface

Check Components

Customizable, white-label UI components partners drop into their own product, so they never have to design payroll screens from scratch.

Onboarding

Embedded Setup & Migration

Self-service onboarding and migration tooling that moves employers and their teams onto a partner's payroll product.

Add-ons

Benefits & Connectivity

Health benefits, 401(k), workers' compensation, and accounting or ERP integrations layered on top of core payroll.

Protection

Risk, Fraud & Credit

Fraud detection and credit-risk monitoring that protect partners as they move payroll funds at scale.

Reach

Multi-jurisdiction Coverage

Payroll and compliance built to work across all 50 U.S. states and a wide range of workforce types.

Customers & Market

Who uses Check, and why it is different

Who uses it. Check's customers are software platforms, not businesses directly. Vertical SaaS, HR, time-tracking, accounting and workforce-management companies embed Check and resell payroll to their own small-business users. Through those partners, Check reaches restaurants, construction crews, home-services trades, childcare centers and more.

The problem it solves. Building payroll in-house can take years and a dedicated compliance team. Partnering with a legacy provider is slow and rarely white-label. Check compresses that to weeks and lets the partner keep its brand, its pricing and its customer relationship.

How it is different. Companies like Gusto and ADP primarily sell payroll as their own end-user product. Check sells the infrastructure beneath - it stays invisible so its partners can be the hero. Against embedded rivals such as Gusto Embedded, Zeal and Salsa, Check leans on scale, reliability and the depth of its partner roster.

Where it fits. Check sits in the embedded-finance layer, doing for payroll what payment APIs did for checkout. As more vertical software adds financial features, the payroll rails underneath become a durable, high-trust business.

WaveHomebaseHousecall Pro 7shiftsMiterEddy PlaygroundDriposTrayd
Funding

$119M raised, $725M valuation

Capital raised by round
Relative round size · USD millions
Seed · 2019
$1M
Series A · 2020
$8M
Series B · 2021
$35M
Series C · 2022
$75M
RoundAmountDateLead / Investors
Seed$1M2019Bedrock
Series A$8M2020Bedrock, Thrive, Index
Series B$35MJan 2021Stripe, Thrive
Series C$75MFeb 2022Stripe (lead), Bedrock, Thrive, Index

Figures compiled from public announcements and databases; totals are approximate.

Timeline

The road so far

2019

Check is founded

The Oyster team starts Check in New York with a $1M seed from Bedrock.

2020

Series A

An $8M round led by Bedrock, with Thrive and Index, funds the build-out of payroll infrastructure.

2021

Public launch & $35M Series B

Check exits stealth in January with a Stripe- and Thrive-led round and partners including Homebase.

2022

$75M Series C led by Stripe

Fresh capital at a $725M valuation to scale the embedded-payroll platform.

2025

Market leadership & Wave

Wave launches payroll on Check for 300,000+ businesses; 65+ partners, nearly $1B/month in volume.

FAQ

Common questions

What does Check do?

Check provides embedded payroll infrastructure - an API and white-label components that let software platforms build, brand and sell their own full-service payroll product without handling tax calculation, filing and compliance themselves.

Who uses Check?

Software platforms serving small and mid-sized businesses, such as Wave, Homebase, Housecall Pro, 7shifts and Miter. Through 65+ partners, Check pays over a million employees at 35,000+ businesses.

How much funding has Check raised?

About $119M across four rounds, including a $75M Series C led by Stripe in February 2022 at a $725M valuation.

Who founded Check?

Andrew Brown (CEO), Eric Stromberg and Vivek Patel founded Check in 2019 - the same team that built Oyster, acquired by Google in 2015.

How is Check different from Gusto or ADP?

Check sells payroll infrastructure to platforms rather than payroll directly to businesses. Its partners embed payroll under their own brand and set their own pricing, while Gusto and ADP primarily offer payroll as their own end-user product.