Wednesday, May 28, 2014

Startup Check is Being Bought by Intuit

Check is a startup that was founded in 2008, which developed a bill paying and bill management app. The company, which is based in Palo Alto, processes $500 million in payments each year, from 10 million users.

Intuit, the company that makes TurboTax and Quicken, has agreed to buy Check for about $360 million. Intuit is expanding into web and app based services by acquiring such companies as Lettuce and Mint.

Intuit, which trades on NASDAQ, was founded in 1983.

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