In the Series B round for Search, which officially opens for business today, Srtipe joins established investor Thrive.
The participation of Stripe comes just days after it co-led a $102 million funding round for Quick, a one-click payment company based in San Francisco.
Other investments this year by Stripe include Move, a teen banking network, and Paymongo, a Filipino startup. The team that created Oyster, the ‘Netflix for books’, which was purchased by Google in 2015, formed Check in 2019. Check has raised $44 million to date, with the closing of its $35 million Series B.
It sealed a $8 million Series A led by Bedrock with Thrive and Index participation last year, and raised $1 million in seed funding from Bedrock in 2019.
Check provides organizations with the building blocks to directly incorporate payroll into ERP systems, HR or time-tracking platforms, eliminating the need for manual data workarounds in traditional standalone programs.
“Check has developed an elegant solution that abstracts complexity, reduces risk, and removes friction in the payroll process that every company has to navigate,” says Chris Sperandio, Stripe’s business development “The Check team is uniquely suited to continue innovating in this domain and make paying people simple.”