SnapCheck offers a digital check platform that combines the benefits of electronic payments with the universal acceptance of checks to substantially reduce costs, virtually eliminate check fraud, and solve the chicken-and-egg problem that is hindering the migration to electronic payments between businesses. On December 2nd, 2021, SnapCheck was acquired by Payroc. Terms of the transaction were not disclosed.
Expert Collections containing SnapCheck
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
SnapCheck is included in 1 Expert Collection, including Fintech.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest SnapCheck News
Dec 6, 2021
Combination of SnapCheck payments platform with Payroc’s ACHeck21 Fintech Cloud to bring accelerated transformation of business payments SnapCheck, a multi-award platform for business payments modernization, today announced that it has entered into a definitive agreement to be acquired. The buyer is an investment group aligned exclusively with Payroc WorldAccess, LLC. By combining the transformative SnapCheck platform with Payroc’s ACHeck21 Fintech Cloud solution, the buyer foresees the emergence of an entirely new dimension in payments. SnapCheck is a high speed, highly secure, and universally accepted solution dedicated to eliminating paper checks. Created as an open-ecosystem platform for paying anyone anywhere with the familiar form of a check, but without all the problems inherent in paper, the SnapCheck Digital Checking Platform gives businesses, banks, and consumers collectively the opportunity to save over $50 Billion a year in costs. Sam Ackley , Managing Director of Payroc’s ACHeck21 division, stated: “We have worked with SnapCheck for several years, and together have brought to market a number of innovations that have provided significant savings and payments improvements for businesses across the country. We are impressed and fascinated by their technology, and see the SnapCheck Digital Checking Platform as the missing link to eliminating paper checks.” Ken Kruszka, CEO of SnapCheck, added: “With a reach into over 40 countries, and serving over 100,000 merchants, Payroc offers a market access opportunity beyond our wildest dreams. Marrying together the SnapCheck platform with their already best-in-class payment processing technology will help springboard our mission to modernize business payments in the US and around the world. We’re excited about this new future together!” Founded in 2015, SnapCheck has garnered a number of awards including: Featured startup at Money2020 Recognized by KPMG as a Top 20 Global FinTech Startup Inducted into the BBVA Walk of Fame Chosen as a RedHerring Top100 North America Winner Named a Top Fintech Innovation Trend by NetGuru
SnapCheck Frequently Asked Questions (FAQ)
When was SnapCheck founded?
SnapCheck was founded in 2015.
Where is SnapCheck's headquarters?
SnapCheck's headquarters is located at 1049 Market Street, San Francisco.
What is SnapCheck's latest funding round?
SnapCheck's latest funding round is Acquired.
Who are the investors of SnapCheck?
Investors of SnapCheck include Payroc, Ulu Ventures, INV Fintech, Envestnet | Yodlee and Plug and Play Fintech Accelerator.