About

CheckHQ offers embedded payroll services tailored for software platforms in the fintech sector. Their primary product is a payroll system that can be integrated into existing software, allowing businesses to create and manage their own payroll services. This integration helps platforms like Homebase and Housecall Pro enhance their offerings and retain customers by providing payroll solutions directly to their users. Unlike traditional payroll services, CheckHQ focuses on partnerships, supplying the necessary back-end technology while the partner platforms handle the customer-facing aspects. This approach enables quicker market entry and scalability, making it easier for platforms to add payroll services without significant upfront investment. The goal of CheckHQ is to empower software platforms to generate additional revenue through payroll services, ultimately increasing customer engagement and lifetime value.

Simplify's Take

What believers are saying

• Partnership with Wave expands Check's reach to 300,000 small businesses.
• Fraud protection tools enhance Check's value proposition for SMBs.
• Integration with Novo simplifies payroll for small businesses, increasing market penetration.

What critics are saying

• Competition from new entrants like Novo could lead to pricing pressures.
• Managing 11,000 U.S. payroll jurisdictions poses compliance risks.
• Reliance on partnerships means disruptions could impact revenue and market position.

What makes Check unique

• Check pioneered embedded payroll, allowing platforms to create custom payroll services.
• Check's API simplifies payroll complexities, reducing administrative burdens for businesses.
• Check partners with leading platforms, enhancing their payroll capabilities and market reach.

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