Checkr is minting money. I doubt they needed this cash infusion, but it could make sense to drive even more growth.
Almost all of the on-demand companies (Uber, Lyft, DoorDash, etc.) use the service to screen independent contractors. The kicker is that independent contractors often sign up for many of these services, so Checkr can turn around and sell the same data that they pull for 1 individual to 3+ companies at ~$15+ a pop.
Almost all of the on-demand companies (Uber, Lyft, DoorDash, etc.) use the service to screen independent contractors. The kicker is that independent contractors often sign up for many of these services, so Checkr can turn around and sell the same data that they pull for 1 individual to 3+ companies at ~$15+ a pop.