Visa Expands Fast Track Program to Enable Next Generation of Fintechs to Rebuild the Global Economy

Posted by Checkbook on Nov 18, 2020

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Checkbook Secures $10M in Series A Financing Led by MassMutual Ventures

Checkbook Inc announced that it has closed $10 million in Series A funding led by MassMutual Ventures. IA Capital, JPMorgan Chase and Cross River Digital Ventures are also participating in the round along with previous other investors.

The Anatomy of a 99% Completion Rate

Most payments happen without payors or recipients ever having to think about them. And that’s the way it should be—in a perfect world, every transaction would be seamless. But it’s not a perfect world, and the reality is that only between 92–95% of payments are completed successfully. While at first glance, that statistic may not be jarring, but think of it this way: what if your paycheck bounced 8% of the time? Suddenly 92% seems a far cry from acceptable.

Checkbook Teams Up with Event Management Platform Castifi

“Many of the cast and crew members that we work with can’t wait 2-3 weeks to get paid, which is the industry norm,” Castifi founder and CEO Rum Sheikhani said.

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