CheckAlt
2024 Revenue
$24M(Est.)
Funding
$0
Team
209
Founded
2004
CheckAlt Revenue (2024)
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
CheckAlt Revenue
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.
| 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 |
CheckAlt Valuation, Funding Rounds
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 |
|---|
Founder / CEO
Shai Stern
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for CheckAlt yet.
CheckAlt Employees & Team Size
CheckAlt employs approximately 209 people as of 2026, up from 192 in 2023, including 1 sales reps that carry a quota.
| 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) |
Frequently Asked Questions about CheckAlt
What is CheckAlt's revenue?
CheckAlt generates an estimated $24M in annual revenue.
Who founded CheckAlt?
CheckAlt was founded by Shai Stern.
Who is the CEO of CheckAlt?
The CEO of CheckAlt is Shai Stern.
How much funding does CheckAlt have?
CheckAlt is bootstrapped and has not raised outside funding.
How many employees does CheckAlt have?
CheckAlt has 209 employees.
Where is CheckAlt headquarters?
CheckAlt is headquartered in Valley Cottage, New York, United States.
Data and Sources
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.
Claim this profilePeople Also Viewed
HumanTouch, LLC
For over 20 years, we have balanced innovation, ideas, teamwork and technology in line with our...
AgentsOpsAI
AgentsOpsAI is an industry-leading developer platform designed to test, debug, and monitor AI...
Tabs
Tabs is an AI-native revenue platform for modern finance and accounting teams. We help businesses...
Archipel Academy
Can't learning within your organization be more manageable, cheaper and more impactful? Archipel...
iMatrix
iMatrix is the leader in advanced website and digital marketing solutions for small to...
OpenJaw Technologies
At OpenJaw, we are dedicated to helping our airline partners achieve retailing excellence by...
