CheckIssuing Secures US$2 million In Angel Investor Financing
August 09, 2018 – – TEMPE, Ariz — CheckIssuing, a payment issuing software company, has announced it closed a US $2 million angel round of financing in mid-June. The company says it plans to use the fresh funding to expand its check printing platform, help launch a new ACH Direct Deposit offering, build more robust UI tools, including upgrading their RESTful API and address verification systems, as well as release new administration system feature upgrades.
“We are grateful that we secured this funding, as our vision is to help companies with the pains of having to send their accounts payable payments out,” says Mark Greenspan, CEO. “We have a list of upgrades clients have been urging us for that would make our API and administration platforms more robust and efficient and this enables us to provide this for them within an accelerated timeline.”
Businesses can upload data through the administration system or send CheckIssuing an API request which can be generated by the clients’ accounting, production or ERP systems. CheckIssuing then initiates the production of a check, to typically be placed into the mail to be sent out that day or the next, or an ACH payment. They primarily send the check payments through USPS but occasionally uses FedEx for overnight mail, with the customers being provided real-time tracking information.
The company has more than 1,000 customers use its systems, including Chegg, CARVANA, ZoomRX, and IPSY.
CheckIssuing was founded in 2005 and is based out of Tempe, Arizona. They are privately-held, have an annual SOC 1 Type II Audit, and are HIPAA certified. Their website is at https://checkissuing.com.
Contact Check Issuing:
8392 S Continental Divide Rd #105
Tempe, AZ 85281
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