Individual InvestorsEmployee Shareholders Institutional InvestorsPrivate Companies Accredited InvestorsSeed & Angel InvestorsAsset Managers & Hedge FundsFamily OfficesVenture Capital FirmsWealth Managers & RIAsWho We Serve Trading Data Liquidity Programs Retirement Individual InvestingForge MarketplaceFind new private company investment opportunities​Browse CompaniesInstitutional TradingForge ProTrade private companies with Forge’s institutional brokerage tool​Forge PriceA proprietary indicative price, calculated daily, for approximately 200 pre-IPO companiesForge DataAnalyze private markets via Forge’s intuitive web application​Forge Private Market Index​Monitor a benchmark for actively traded private companies ​Forge Accuidity Private Market Index​Invest in an institutionally-managed diversified basket of private companies (QPs only)​Liquidity ProgramsRetain and reward employees with company-sponsored liquidity solutions like tender offers and customized programsSelf-Directed IRAForge TrustInvest in private companies and other alternative assets through a tax-advantaged Self-Directed IRAWhat We Do All insights Reports and highlights News and trends Private market education Tips and tutorials Forge Investment OutlookPrivate Market UpdatesIPO calendarPrivate Magnificent 7Emerging trendsPrivate company newsUpcoming IPOsAll guidesPrivate market basicsPrivate shares transactionsValuations, pricing and market trendsSelling in the private marketFAQsGlossaryCompany page and tradesProof of ownershipBid and ask submissionsForge fund offeringsInsights About UsLeadershipInvestor RelationsPeople & CultureCareers About
Log InSign Up
Who We Serve
What We Do
Insights
About
Who We Serve
Individual Investors
Institutional Investors
What We Do
Trading
Individual Investing
Institutional Trading
Data
Liquidity Programs
Retirement
Self-Directed IRA
Insights
Reports and highlights
News and trends
Private market education
Tips and tutorials
About
Log In
Sign Up
Secondary marketplace / Explore private companies / Check IPO
Check

Check IPO

$725.39MM
Series C Valuation, Feb 2022
Buy And Sell Check StockLearn More About Check StockAdd To Watchlist
Register for details
For more details on financing and valuation for Check, register or log in.
Please provide a valid email address.
By registering, you agree to Forge’s Terms of Use. Already registered? Log In

Check IPO date and status

2019
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

Check was founded in 2019 by Andrew Brown, Vivek Patel, and Eric Stromberg. Their latest funding, per Forge data, was in 2022 when the company was valued at $725 million after a Series C funding round. As of December 2023, Business Wire reported that Check launched a set of category-defining innovations. The co-founder Andrew Brown commented to Business Wire, “Our new tools represent a major shift in the evolution of embedded finance and payroll,” in response to the innovations. Check has not officially endorsed a plan to participate in an IPO.

Check is a payroll software company that helps platforms incorporate digital payroll solutions into their products. Per Forge data, the company has raised a total of $119 million in funding over 4 rounds since its founding in 2019. Key investors include Stripe and Bedrock.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

checkhq.com
Sector
Fintech
Subsector
Payments
Founded
2019
Headquarters
New York, NY, United States
Founders
Andrew Brown, Eric Stromberg, Vivek Patel
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Get Full Access
Post-Money Valuation 3
$725.39MM
Total Funding
$119MM
Last Funding Round
Series C

Learn more about Check

To invest in Check pre-IPO

Can you invest in Check pre-IPO?

Check is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?”

Can you sell shares of Check before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Check is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Check shares?

To explore the value of your Check shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Check a publicly traded company?

Check is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Check potential IPO

Will Check go IPO?

Check has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Check’s IPO price?

The Check IPO price does not exist at this time, as Check is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Check, register for Forge today.

When was Check founded?

Check was founded in 2019.

What is Check funding to date?

Check has raised $119MM to date.

Check major investors

Asdf Ventures
Bedrock
Contrary Capital
Index Ventures
Stripe
Thrive Capital

Check pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
02/16/2022 Series C $75MM $19.79 $725.39MM Bedrock Capital, Contrary, Index Ventures, Stripe, Thrive Capital
Price per Share
$ xx.xx
Shares Outstanding
3,789,237
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital, Contrary, Index Ventures, Stripe, Thrive Capital
01/27/2021 Series B $35MM $5.81 $171.22MM Stripe, Thrive Capital
Price per Share
$ xx.xx
Shares Outstanding
6,021,091
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Stripe, Thrive Capital
02/18/2020 Series A $8MM $1.42 $28.93MM Bedrock Capital, Index Ventures, Thrive Capital
Price per Share
$ xx.xx
Shares Outstanding
5,629,038
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital, Index Ventures, Thrive Capital
06/14/2019 Series Seed $1MM $0.22 $3.33MM Bedrock Capital
Price per Share
$ xx.xx
Shares Outstanding
4,550,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital

Check IPO news and media highlights

Business Wire 04/03/2024

Check to Power Wave’s Expanded Payroll Offering

Check, the leading payroll infrastructure company that pioneered the ability for platforms to embed payroll into their products, today announced its partnership with Wave, the one-stop money management platform for small business owners. Over 300,000 small businesses that use Wave will soon have access to best-in-class full-service payroll functionality across all 50 U.S. states. Payroll has long been a growth hurdle for small businesses due to its complexity. There are 11,000 U.S. payroll jurisdictions, and the administrative burdens that come with proper tax calculation, form filing, and remittance can be stifling for small business owners who are often wearing multiple hats across HR, marketing and more.
Business Wire 01/24/2024

Novo Announces Novo Payroll for Small Businesses, Powered by Check

Novo, the powerfully simple® financial solutions platform for small businesses, today announced Novo Payroll. Working with Check, the leading payroll infrastructure company that pioneered the ability for platforms to embed payroll into their products, Novo has launched a payroll solution that is fully integrated into Novo’s platform of small business banking, budgeting, and working capital solutions, enabling small businesses to manage their finances from a single platform. Novo leveraged Check’s embedded payroll API to build Novo Payroll. With coverage in all 50 states, Novo Payroll streamlines the entire payroll process, from calculating wages to facilitating direct deposits and managing tax withholdings.
Business Wire 12/04/2023

Check Launches New Tools to Help Organizations Build and Scale Payroll Businesses

Check, the pioneer of embedded payroll, today announced the launch of a set of category-defining innovations: Credit & Fraud Protection, Embedded Setup and Embedded Support. Combined with Check’s core embedded payroll API and Check Components, these new offerings help platforms address the most challenging issues surrounding launching a payroll business, including fraud management and detection, data migration, compliance and support. Payroll fraud is one of the most prevalent fraud schemes inside businesses: for small businesses, payroll fraud is twice as likely to occur as it is inside large organizations.
PR Newswire 02/16/2022

Payroll Infrastructure Startup Check Announces $75 Million Series C Led by Stripe

Check, the leading payroll infrastructure company that lets platforms embed payroll into their products, today announced it has 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. Check publicly launched in January 2021. Since then, it has partnered with best-in-class vertical SaaS, workforce management, financial services, and staffing businesses, and supports all 50 states plus D.C. Check's partners collectively serve more than 250K businesses and 4M employees, and include Homebase, ServiceTitan, and Procare, among others.
Browse More Insights

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Fintech
Subsector: Payments
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
KrakenKraken$38.77 -$0.11 (0.28%)$ xx.xxSeries D$20B$61.47$200MM
UpholdUphold$2.40 +$0.80 (50.00%)$ xx.xxNot available------
Clear StreetClear StreetNot available$ xx.xxSeries C$12B$40.06$135.39MM
DriveWealthDriveWealthNot available$ xx.xxSeries D-1$2.85B$25.18$449.89MM
ChiaChiaNot available$ xx.xxSeries D$458.07MM$21.21$61MM
LendbuzzLendbuzzNot available$ xx.xxSeries D-1A$1.07B$16.65$1.53MM
Blockchain.comBlockchain.comNot available$ xx.xxNot available------
See Tech IPO Calendar

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

Actively traded

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
SpaceX SpaceX $550.00 +$102.77 (22.98%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
See All Actively Traded Companies

Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
Figure AI Figure AI $174.00 -$20.00 (10.31%)Limited $xxx.xx
See All AI Companies

Forge, your trusted partner for pre-IPO insights and Check data

Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.

Register

Updated on: Jul 16, 2025

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

  1. Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. Percentages are rounded to the nearest whole number.
  2. Market activity indicates the level of activity for a company based on recent IOIs, secondary transactions, and pending transactions on Forge.
  3. Post-Money Valuation represents the estimated valuation based on company-submitted Certificates of Incorporations (COIs).
  4. Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.
  5. Actively traded companies are companies with a high market activity with the highest post-money valuation in the same sector.

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

The news articles displayed on this page may be curated using artificial intelligence (AI) technology, which selects relevant content from a list of trusted web sources. While we strive for accuracy and reliability, the inclusion of an article does not imply endorsement or verification of its content. This communication is for informational purposes only. Investors should conduct their own research and consult a financial professional before making investment decisions.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.