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 new revenue streams and improve customer engagement through their payroll solutions.

Simplify's Take

What believers are saying

• Partnerships with platforms like Wave and Novo expand CheckHQ's reach to over 300,000 small businesses, enhancing its market penetration.
• The introduction of fraud protection tools and embedded support services positions CheckHQ as a comprehensive solution provider, reducing risks for its partners.
• CheckHQ's recent $35 million Series B funding from Stripe and Thrive Capital provides a strong financial foundation for future growth and innovation.

What critics are saying

• The complexity of integrating payroll services into diverse software platforms could lead to technical challenges and delays.
• The competitive fintech landscape, with established players like ADP and Gusto, may limit CheckHQ's market share and growth potential.

What makes Check unique

• CheckHQ's embedded payroll system allows software platforms to integrate payroll services seamlessly, unlike traditional payroll providers that offer standalone solutions.
• The company's focus on partnerships with software platforms enables rapid market entry and scalability, setting it apart from competitors who build end-to-end solutions in-house.
• CheckHQ's API abstracts the complexity of payroll, including tax calculations and compliance, making it easier for small businesses to manage payroll without specialized knowledge.