US-based mobile payments company Check has raised $24m Series C investment led by new investor Menlo Investors.
Existing investors, Morgenthaler Ventures and Pitango Venture Capital also participated.
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Doug Carlisle, managing director at Menlo Ventures, said: "Check is in an excellent position to disrupt an industry with $20 billion in revenues. We are excited to be involved in the company’s growth."
Currently, Check, formerly Pageonce, has nearly 10m customers on its platform, the company has widespread adoption.
Guy Goldstein, CEO at Check, said: "Americans make $4trn worth of bill payments per year, and Check is transforming the bill payment industry with a simple, fast and easy-to-use mobile app. We are excited to partner with Menlo Ventures, a firm with a highly experienced team and history of success."
Check’s free mobile app can be used to pay bills with any payment method. The app allows customers to see balances, view transactions, and make payments on the fly, including same-day payments, from a mobile device.
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