CheckAlt Announces Investments in Bankjoy, Fundomate and Street Invoice
Written by CheckAlt
October 8, 2015 — CheckAlt’s Portfolio Companies Are Best-of-Breed FinTech Solution Providers
LOS ANGELES, CA (PRWEB) OCTOBER 08, 2015
CheckAlt announced it has made strategic investments in three FinTech startups. These companies join Zipmark, a company in which CheckAlt invested previously, under the CheckAlt brand. All four are referred to as the CheckAlt Portfolio Companies. Bankjoy delivers a banking API and a branded, modern mobile banking app to credit unions and community banks. Fundomate is a revolutionary online loan engine for business owners to get the funding they need -- fast. Street Invoice empowers freelance professionals and small businesses with an enterprise quality mobile invoicing app so they can easily take payments, create quotes, generate invoices and track receivables on the go.
“The importance of FinTech innovation can’t be overstated, for CheckAlt and the entire financial services industry,” said Shai Stern CEO and co-chairman CheckAlt. “Our goal, with these and future strategic investments, is to create a suite of complementary solutions, under the CheckAlt brand, that financial institutions can deliver to businesses. These solutions are from non-competing companies with supportive, innovative technologies. Today’s business owners operate within an ever-changing, highly competitive and dynamic market place. They need solutions which not only address traditional banking needs but help fulfil non-traditional needs as well.”
CheckAlt delivers fast and efficient item processing with advanced character recognition software, which is scalable and compatible with all incumbent core systems. CheckAlt also helps financial institutions attract and retain business customers and members with innovative white label payment solutions and eCheck technology. With today’s announcement, CheckAlt can now deliver a mobile banking app, access to alternative business financing, and an electronic invoicing and payment app for small business owners.
Bankjoy offers banks and credit unions out-of-the-box, advanced banking solutions including a banking API, modern mobile banking, Apple Watch Banking with a smart, voice-based personal assistant, and mobile-friendly eStatements. Bankjoy's apps feature built-in financial goal management to help people achieve savings goals while giving financial institutions better insight to offer personalized services. The company prides itself on delivering beautiful products with simple navigation, contemporary designs, and world class user experiences. Bankjoy is a Y Combinator-backed company launched by Mike Duncan in 2015 and is based in Southfield, MI. To learn more, please visit http://www.bankjoy.com.
Fundomate is the first and only automated search engine specifically designed to help business owners connect directly with the alternative lending industry. We understand business owners face many challenges when it comes to managing expenses and sourcing competitively priced financing. Therefore, it is our mission to provide them access to alternative lending products, at the lowest possible rates. We accomplish this through a direct portal to over 20 of the top lenders. Fundomate’s platform gives business owners the power and flexibility to select the financing option best suited for their needs and avoid paying hefty broker fees typically associated with an alternative loan product. To learn more, please visit http://www.fundomate.com
About Street Invoice, LLC
Street Invoice is a powerful app which delivers, to freelance professionals and sales or service teams around the globe, an enterprise quality mobile invoicing solution. With the Street Invoice app users can accept payments, create quotes, generate invoices, and even track receivables -- all on the go. Allowing them to win more jobs and get paid quicker. To learn more, please visit StreetInvoice.com
Zipmark is an online payment platform, enabling businesses to send and receive digital check payments with less risk. Zipmark is dedicated to reducing the amount of time and money it takes businesses to collect and deposit their payments. Businesses can easily integrate with the Zipmark platform and benefit from a lower cost alternative to credit and debit cards. The company was launched in 2010 by Jay Bhattacharya and Jake Howerton, and is based in New York City. Zipmark's investors include Village Ventures, Contour Venture Partners, NYC Seed, High Peaks Venture Capital, Scout Ventures, Shai Stern, Don Layden and the New York City Investment Fund. To learn more, please visit http://www.zipmark.com.
CheckAlt is a leading provider of financial technology solutions such as eChecks, Remote Deposit Capture (RDC), Mobile Payments, Lockbox and Image Item Processing. We help financial institutions expand their capabilities, improve processing efficiency, reduce costs and mitigate risk from all capture points. Our innovative white label payment solutions help financial institutions attract and maintain high-value commercial and small business customer relationships. We help all types of merchants who need an economical and more efficient way to get paid. Visit http://www.checkalt.com for more information.