Intuit A Personal Finance Firm Acquired Mobile Bill Payment Vendor Check

Intuit, a company that successfully tackling the finance industry has announced that they will be acquiring the mobile payment startup called Check for $360 million. The check is a quite innovative firm because it has used the mobile ecosystem and technology to build their business, it has received about $49 million funding till date, it was offering a mobile app that can track all bills and provided a service by which they can pay for them directly from their phone. Several similar type of startups have been started but the check can allow you save money by suggesting the tips to reduce the bill an d handles the payment to occur within the application. Almost five years ago it has made a similar acquisition, when it absorbed the Mint for around $170 million. Company as of now acquired once competitor application and have plans to use both for different type of the services for customers.

Forbs Posted “Looking at micro businesses it seems to me that the distinction between personal and business finance is pretty blurred. Almost all micro businesses I know use a personal credit card for business expenses – sure that can be solved via expense claims but that’s not really in keeping with the actuality. Similarly most micro businesses that require funding achieve it by using their personal equity to guarantee”.

Companies are very doing what they can to be the best in revenue and Technologies too; recently Google had rated as Top brand in terms of revenue generation, so Intuit is no other then Google, Similarly Google they organizing a technical conference to show off their technical advancement this year. Now Intuit has a chance to create a Mobile wallet payment service, which will allow NFC enabled device to exchange money.