Checkbook completes acquisition of sureti to revolutionize insurance claims payments
01/09/25, 6:40 PM
Location
Industry
information technology
lending
fintech
financial services
software
Checkbook, a trailblazer in digital payments, has acquired sureti, a cutting-edge digital payment solution dedicated to transforming the distribution of insurance claim proceeds. This strategic acquisition positions Checkbook at the forefront of the insurtech revolution, delivering faster, smarter, and more secure payment solutions for insurance companies and their customers. By integrating sureti’s robust vendor network and innovative fund control mechanisms, Checkbook is set to redefine claims payment workflows and bring faster payments and better outcomes for carriers and policyholders.
Company Info
Location
1500 fashion island blvd #103
San Mateo, California, United States
Company info
Checkbook is building a highly efficient Digital Payment system focused on sending/disbursing payments. It eliminates paper checks completely while increasing efficiency and security by providing a choice of settlement rails and seamless recipient experience. Based in San Mateo, CA, Checkbook was founded in 2015 by former VISA Chief Network Architect PJ Gupta and is funded by multiple VCs and individual investors including Tim Draper, Rocketship.vc and others.