Sunday, July 13, 2014

Zero To $360M: How Check Won At Mobile / Personal Finance & Billing Mobile Company CHECK (Bought by Intuit for $360M)

Tom Taulli for Forbes writes: One of the first apps on Apple’s iOS platform was Pageonce, a service to help keep track of usernames and passwords. Yet the company would eventually change its focus to personal finance and billing.  To this end, there was a new name for the service as well:  Check.
It was not easy getting traction as the company had to fight against mega operators like PayPal, JP Morgan, Wells Fargo and Bank of America. But over time, Check started to rack up more and more users, eventually reaching over 10 million.
And yes, this caught the attention of Intuit. Consider that — back in late May — the company shelled out $360 million for Check.
So what were some of the lessons learned along the way? Well, I recently talked to Check’s chief operating officer, Steve Schultz.
Here are three of his takeaways: [snip]  The article continues # Forbes, click here to continue reading...

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