Pitch for Checkbook

Company / App Name: Checkbook

https://checkbook.io/
Twitter – @checkbook

What does it do?

Enterprise focused instant payment platform enabling digital checks sent and received by push of a button. Recipient sign up not required. Class action settlers, insurance companies sending millions of check can not ask “Are you on XY app?”

Why do we need it?

Despite up to $22 USD processing cost and an average processing time of 5 days, paper checks constitute 70% of B2B transaction volume in US (Goldman report- equity research 2018).

Who is it for?

Enterprises sending tens of thousands of checks monthly looking for white label solution. Smooth on boarding process and simple API-enabled integration

Individuals with low volumes can use it too without our support (think rent checks)

What makes it stand out from the crowd?

Only digital instant payment solution with no recipient sign up required. I can not send you funds on venmo/paypal unless you are pre-enrolled. But with checkbook, recipient need not be signed up. Only email/# to initiate transaction.

What’s next?

DHL, Coupa, Whirlpool, and many other companies have upgraded from paper checks to Checkbook. Successfully exchanged million of checks send, 1B+ USD + funds transferred. Adding enterprise accounts rapidly.