CHECKBOOK
Digital payment disbursements for insurance and enterprise -- any rail, any recipient, no banking data required.
Overview
Checkbook is an API-first digital payments platform that enables businesses to disburse payments at scale across every major US payment rail -- ACH, RTP, FedNow, digital checks, paper checks, push-to-card, virtual cards, Zelle, Venmo, PayPal, and wire transfers. Founded in 2015 by PJ Gupta, former Chief Network Architect at Visa, the company was built to solve the fundamental inefficiency of paper checks and the burden of collecting sensitive banking information just to send money. Businesses can initiate payments knowing only the recipient's name and email address.
Checkbook has developed particularly deep capabilities in the insurance vertical, where claims disbursements have historically relied on slow, manual check processes. In January 2025, the company acquired sureti, a digital payment solution purpose-built for insurance claim proceeds, establishing Checkbook as an end-to-end payment solution for the property insurance ecosystem. The sureti platform adds specialized capabilities including multi-party check elimination, geospatial fund release substantiation, and mortgage lender integration.
With over 98,000 merchants on the platform and partnerships with J.P. Morgan and Visa, Checkbook has earned recognition as a leader in B2B digital payments, winning two TSG Real Transaction Metrics Awards in 2025 and a Frost and Sullivan leadership designation in the B2B Digital Payment Systems category.
Products & Services
Digital Disbursement Platform
Checkbook's core platform connects businesses to all major US payment rails through a single API integration. Payments are initiated with only the recipient's name and email address -- no routing numbers, account numbers, or sensitive banking data required.
Key Features
- ACH, RTP, and FedNow payment processing
- Digital check delivery (instant, online deposit)
- Push-to-Card payments via Visa Global network
- Virtual card and paper check issuance
- Zelle, Venmo, and PayPal disbursement integrations
- Wire transfer processing
- Next-day settlement and real-time payment options
- Configurable disbursement workflows
Target Users: Insurance carriers, TPAs, property managers, financial services companies
Insurance Claims Payment Solution (sureti)
Acquired in January 2025, the sureti platform delivers end-to-end payment infrastructure for the property insurance claims ecosystem, eliminating the complexity of multi-party check issuance and manual proceeds management.
Key Features
- Claims proceeds management and disbursement
- Multi-party check elimination
- Geospatial capture data for fund release substantiation
- Vendor and contractor payment network
- Mortgage lender and lienholder integration
Target Users: P&C carriers, property TPAs, catastrophe management teams
At a Glance
- Founded
- 2015
- Headquarters
- San Mateo, California, USA
- Employees
- 11-50
- Funding
- Series A
Category & Focus
- Category
- Claims Technology
- Subcategories
- Claims Payments Digital Disbursements Payment Technology
- Insurance Verticals
- P&C Personal P&C Commercial Specialty/E&S
- Target Customers
- Carriers, MGAs/MGUs, TPAs
Customers
- Vault.insurance
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Last updated: 2026-04-09