logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Checkbook completes acquisition of sureti to revolutionize insurance claims payments

Jan 09, 202511 months ago

Acquiring Company

Checkbook

Acquired Company

sureti

San MateoCarlsbadInformation TechnologyLendingFintechFinancial ServicesSoftware

Description

Checkbook, a trailblazer in digital payments, has acquired sureti, a cutting-edge digital payment solution dedicated to transforming the distribution of insurance claim proceeds. This strategic acquisition positions Checkbook at the forefront of the insurtech revolution, delivering faster, smarter, and more secure payment solutions for insurance companies and their customers. By integrating sureti’s robust vendor network and innovative fund control mechanisms, Checkbook is set to redefine claims payment workflows and bring faster payments and better outcomes for carriers and policyholders.

Company Information

Company

Checkbook

Location

1500 FASHION ISLAND BLVD #103

San Mateo, California, United States

About

Checkbook is building a highly efficient Digital Payment system focused on sending/disbursing payments. It eliminates paper checks completely while increasing efficiency and security by providing a choice of settlement rails and seamless recipient experience. Based in San Mateo, CA, Checkbook was founded in 2015 by former VISA Chief Network Architect PJ Gupta and is funded by multiple VCs and individual investors including Tim Draper, Rocketship.vc and others.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed