News

Check capture company expands fin tech portfolio

One of the three companies is Bankjoy, the provider of a banking API and a branded, mobile banking app for CUs and community banks.

October 8, 2015

CheckAlt, a California-based provider of ATM check capture technology, has made strategic investments in three fin tech startups, rounding out its portfolio of companies, according to a press release.

One of the three companies is Bankjoy, the provider of a banking API and a branded, mobile banking app for credit unions and community banks. The other two include Fundomate, an online loan engine for business owners, and Street Invoice, a mobile billing app for freelance professionals and small businesses.

"The importance of FinTech innovation can't be overstated, for CheckAlt and the entire financial services industry," said Shai Stern CEO and co-chairman of 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."

CheckAlt provides item processing with advanced character recognition software, which is scalable and compatible with all incumbent core systems. With today's announcement, CheckAlt can now deliver a mobile banking app, access to small business financing, and an invoicing and payment app for small business.