MyCheck

Company Overview

Snapshot

Founded in January 2011 by Shlomit Kugler, Erez Spatz, and Asaf Talmor Wertheimer, MyCheck operated with 11–50 employees. The company raised $12.9M 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 provides tools for fast checkout, increased customer loyalty, and enhanced customer engagement. The company integrates with nearly 30 different point-of-sale and payment management systems, interfacing with various loyalty, gift card, and financial gateways. MyCheck operates globally, serving the hospitality industry with products like MyRestaurant, MyHotel, MyWallet, and MyOrder.

Strategic signal

In May 2024, five years after its acquisition by Shiji Group, news emerged that the Chinese company was parting ways with most of MyCheck's employees in Israel. This signals a significant operational restructuring and potential downsizing of MyCheck's Israeli operations under its acquirer, indicating a shift in strategic focus or integration challenges post-acquisition.

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.

What was the total capital raised by MyCheck?

MyCheck raised a total of $12.9M across 3 funding rounds.

What recent news indicates a change in MyCheck's operations?

In May 2024, it was reported that Shiji Group, MyCheck's acquirer, was dismissing most of MyCheck's employees in Israel, indicating a significant operational change five years after the acquisition.