MyCheck

Company Overview

Snapshot

Founded in January 2011 by Shlomit Kugler, Erez Spatz, and Asaf Talmor Wertheimer, MyCheck operates with 11–50 employees. The company raised $12.9 million across 3 funding rounds from 3 investors. MyCheck was acquired by Shiji Group in May 2019.

Business overview

MyCheck develops custom applications for hotels and restaurant chains, focusing on mobile payment solutions for the hospitality sector. Its core technology enables fast checkout, increased customer loyalty, and enhanced engagement through tools that help businesses understand and interact with their customers. The company's products, including MyRestaurant, MyHotel, and MyWallet, integrate with nearly 30 different point-of-sale and payment management systems, as well as various loyalty, gift card, and financial gateways. MyCheck operates globally, serving the Fintech & Insurtech sector with a focus on mobile payments and customer engagement solutions.

Strategic signal

In May 2024, five years after its acquisition by Shiji Group, reports indicated that the Chinese parent company was parting ways with most of MyCheck's employees in Israel. This signals a significant operational restructuring and potential downsizing of the Israeli operations, suggesting a strategic shift in how Shiji Group intends to manage or integrate MyCheck's technology and market presence going forward.

Company Intelligence Q&A

What is MyCheck's primary business?

MyCheck provides mobile payment solutions and custom applications for the hospitality sector, including hotels and restaurant chains, to facilitate fast checkout and enhance customer loyalty and engagement.

When was MyCheck acquired?

MyCheck was acquired by Shiji Group in May 2019.

Did MyCheck receive any funding?

MyCheck raised a total of $12.9 million across 3 funding rounds. In March 2015, the company secured a B Round from Santander InnoVentures. Earlier, in August 2013, it received an A Round from Alain Wertheimer and Eli Elroy, and a Seed round in January 2012 from Alain Wertheimer.

Has MyCheck been granted any patents?

Yes, MyCheck was granted a patent for its mobile payment technology in January 2017, and a second patent for the same technology in June 2017.

What was the recent news regarding MyCheck's operations in Israel?

In May 2024, it was reported that Shiji Group, MyCheck's parent company, was laying off most of MyCheck's employees in Israel, five years after the acquisition.