Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Wall Street Journal : Intuit in talks to buy Israeli Mobile-Finance App Check for $350 million

“The Wall Street Journal” reports that Intuit could reach an agreement to buy the Israeli mobile payment company this month.

Intuit-logo

US small business accounting software company Intuit Inc. (Nasdaq: INTU) is in talks to acquire the Israeli mobile wallet company Check Inc. (formerly Pageonce) for more than $350 million, the “Wall Street Journal” reports. According to the report, the talks are still in their early stage “and a final agreement may not be reached for two or more weeks.”

Check has developed a smartphone app which can be used as an electronic wallet and is used by more than 10 million people to track and pay bills. Unlike bank bill payment services, Check’s free mobile app can be used to pay any bill anytime, anywhere and with any payment method. Giving customers a complete view into their personal finances across multiple providers, the app makes it simple to see balances, view transactions, and make payments on the fly, including same-day payments, from a mobile device. Check – Bills & Money is a free app available in Google Play and the iTunes App Store.

Check Logo

Check was founded in 2007 as Pageonce by CEO Guy Goldstein and CFO Ahikam Kaufman and changed its name last year. The company is headquartered in Palo Alto, California and has its development center in Hod Hasharon

To date Check has raised $47 million from Pitango Venture Capital, Menlo Ventures and Morgenthaler Ventures. The company’s business model is based on profits from ads on the app, mainly from financial institutions.

Check sees revenue of $20 million in 2014, up from $15 million last year.

According to the “Wall Street Journal” both Inuit and Check declined to comment.

Published by Globes [online], Israel business news – www.globes-online.com 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement
cialis cialis satış