CheckHQ Strengths, Domain Expertise, and Key Differentiators
Check is a payroll-as-a-service API that allows embedding payroll directly in the vertical SaaS, HR, or time-tracking platform.
CheckHQ Recent Developments
In January 2021, Check raised $35 million in Series B funding from Stripe and Thrive Capital. The company plans to use the funds to continue to grow the team.
CheckHQ Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CheckHQ applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CheckHQ and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Check customers.
Ownership: - x
Number of Employees: 130
Functional Market: Payroll,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K289, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
CheckHQ Key Cloud and HCM Applications
CheckHQ HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CheckHQ Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
CheckHQ HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
CheckHQ HCM Applications Revenues By Verticals, $M:
CheckHQ Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
CheckHQ Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
CheckHQ Customers - Breakdown by Geo, Size, Vertical and Product
No. of CheckHQ Customers: x
No. of CheckHQ HCM Applications Customers: x
No. of CheckHQ Cloud HCM Customers: x
No. of CheckHQ Cloud HCM Subscribers: x
Check partners power many different industries, such as vertical SaaS, workforce management, fintech, and online staffing. Together, Check's partners serve more than 250k businesses and over 4 million employees. Among Check's partners/customers are Bambee, ServiceTitan, Procare, Eddy, Miter, Homebase, and many others.
CheckHQ Market Opportunities, M&A and Geo Expansions
In February 2022, CheckHQ raised a $75 million Series C led by Stripe, with participation from existing investors Bedrock, Thrive and Index. The company will use the funding to continue to make Check the easiest and most robust platform to build, launch, and scale new payroll businesses. Previosly, in 2021, CheckHQ received $35m in a funding round. The round was led by investments from Thrive Capital, and again Stripe.
CheckHQ Risks and Challenges
Check is entering a fairly crowded field. Standalone payroll and HR software, such as ADP and Workday, is already widely used by enterprises. Square, which shares its focus on small business with Check, already offers payroll services that integrate with its sales and timesheet features.
CheckHQ Ecosystem, Partners, Resellers and SI
Check Technologies doesn't have direct sales. Check sells its product through partners.
CheckHQ Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- CheckHQ Platform (PaaS)
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- CheckHQ Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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