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Perks & Benefits
Our Vision
Our Mission
Build the world’s largest financial network, moving money through invoice payments.
Reallocate the world's capital to be more efficient.
Our Story
Founded in 2024
We were founded in Stockholm, Sweden in 2024. We (the founders) had spent the last few years at a University incubator as the head of the incubator (Andreas), head of the investment fund (Julia) and co-founder of a startup in the incubator (Sebastian).
We all saw the need for early stage companies and small businesses to access cash when they're growing. For the startups, venture capital was usually the only way, despite many of these companies not being built to work well under the rules set by VCs and external investors.
We knew there had to be a better way.
We did lots of research and learned about dynamic discounting, also called early payment discounts. Enterprises use these all the time, but we'd never heard of it.
So we set out to learn if dynamic discounting could be used for small businesses eager to grow, as well. We interviewed over 100 small business owners and CEOs and learned this is a great tool for businesses that don't want to take on debt, credit or even sell their invoices, just to get their payments on time.
We learned that part of the complications around dynamic discounting is in the discrepancies it creates in your bookkeeping, so first we solved that.
Next, we heard that invoicing easily lagged because you had to collect the client's invoicing information before even sending the invoice, pushing the payment even further into the future. So we solved that.
Now, we are fully focused on incentivizing clients to pay early with discounts they can measure against their own return on capital or annual yields.
In simpler terms, we believe big brands and large enterprises have no incentive to pay small businesses in a timely manner, unless you make it about money. And we help small businesses do exactly that.
Our Master Plan
Becoming the ultimate cash flow product for agencies struggling with long payment terms
Payment terms are broken for small businesses. Clients often push to get net 45, 60, even 90. If you're an agency, you might even have to front costs for shoots and ad spend, you probably want to pay your contractors on time, and you usually have to run payroll every two weeks while clients pay every two months. This cash gap means many creative agencies struggle to grow, because they can't take on bigger projects.
Who made this the norm?
Cheque fixes this. We give creative agencies cash in the bank without debt, loans, or awkward client calls. Send an invoice and get paid instantly, while your clients earn a return for paying early.
That is our wedge. Solving the hardest version of the problem first, then building from there.
Building the network
Every invoice connects two businesses. Every new client that has an invoice to pay, brings more cash to be paid instantly and can in turn, bring their clients on to the platform to pay their invoices. We go beyond agencies, and serve small businesses and mid-market enterprises needing to better manage their cash flow.
Our integrations with QuickBooks gives us reach into millions of businesses, and we have plenty of more partner integrations in the backlog. When agencies invoice through Cheque, their clients onboard to pay. When those clients start invoicing, their own networks connect too.
The network gets bigger with every payment.
Reallocating capital idle capital across the entire financial system
In the U.S. alone, $15 trillion sits locked up in accounts payable. That's literally trillions of dollars that could be moving but just sits there, waiting 30-90 days for an invoice to be paid. This isn't money the client can spend, since it's already been committed, so there it sits, and there's only so much of a return on capital you can get over 30-90 days.
When this cash doesn't move, the world isn't moving as fast as it could. By reallocating cash that's already there, matching businesses who need cash with those who have it, we will be able to increase the growth of small businesses worldwide.
We find this especially thrilling, since everything changes when this works. Invoices stop being static PDF documents and start behaving like liquid assets.
The long-term goal is a financial network that runs itself, where money moves automatically, capital flows efficiently, and businesses grow because they now have access to the cash flow that allows them to.
Our team
Backed by the best investors
Fun fact
"Cheque" is the European/British spelling of check, which is an homage to our home country of Sweden. Checks are still a very common payment method for B2B transactions in the U.S., as they accounts for 33% of all transactions between businesses (2022), while it was phased out in Sweden in the 1990s. However, the inspiration to name the company Cheque comes from a horse in Julia's stable (called Cheque). You can read more about this horse here.