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CheckAlt provides financial institutions of all sizes, including regional, community and local banks, as well as credit unions, with consolidated item and payment processing services across all payment channels. The company's services include lockbox processing across locations nationwide, consolidated item processing, omni-channel integrated treasury services and remote deposit capture. Additionally, it offers APIs for mobile and web developers that want to accept Check 21 payments. It was founded in 2004 and is headquartered in Los Angeles, California. The company seeks to expand its business operations through mergers and acquisitions.
Last updated
In 2024, CheckAlt's revenue reached $24M. The company previously reported $19M in 2023. Since its launch in 2004, CheckAlt has shown consistent revenue growth.
CheckAlt is a bootstrapped SaaS startup. Founded in 2004, CheckAlt has grown to $24M in revenue without raising any venture capital or outside funding.
As a self-funded SaaS company, CheckAlt has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
CEO
Shai Stern is currently the co-chairman and CEO of CheckAlt, the largest independent provider of treasury and lockbox solutions. He led CheckAlt’s acquisitions of ERAS from Diebold, Inc. in 2014 and Klik from MUFG Union Bank in 2016. Mr. Stern currently serves on the board of Bankjoy and was a lead investor at Double Beam, Inc., leading the company through multiple rounds of financing and scaling to growth, having originated its 2013 acquisition of Gopago from JPMorgan, and led Double Beam’s successful sale to Verifone. Mr. Stern previously served as CEO and co-chairman of Vintage Filings, a New York-based EDGAR filing firm, through November 2011.
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We do not have customer count information for CheckAlt yet.
CheckAlt employs approximately 209 people as of 2026, up from 192 in 2023, including 1 sales reps that carry a quota.
CheckAlt generates an estimated $24M in annual revenue.
CheckAlt was founded by Shai Stern.
The CEO of CheckAlt is Shai Stern.
CheckAlt is bootstrapped and has not raised outside funding.
CheckAlt has 209 employees.
CheckAlt is headquartered in Valley Cottage, New York, United States.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$24M(Est.)
Funding
$0
Team
209
Founded
2004
| Year | Milestone | Source |
|---|---|---|
| 2024 | CheckAlt Hit $24m revenue in October 2024 | Estimated |
| 2023 | CheckAlt Hit $19m revenue in December 2023 | Estimated |
| 2021 | CheckAlt Hit $17.2m revenue in April 2021 | |
| 2004 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 209 employees (December 2024) | |
| 2024 | Reached 202 employees (October 2024) | |
| 2023 | Reached 192 employees (December 2023) | |
| 2022 | Reached 186 employees (December 2022) | |
| 2021 | Reached 209 employees (December 2021) | |
| 2021 | Reached 210 employees (April 2021) |
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