In the age of software apps, many companies find it difficult to keep up with different regulations and compliance laws. There really hasn't been a way to help find a way to bring automated assessments and documentation for this until co-founder and chief Evan Wong started Checkbox.
As a Graduate of the Sydney Founder Institute, Evan just hit a huge milestone in the development of his growing company. They recently secured $1.77 million in an angel investment, promising to take them to a new level.
Take a look at what makes Checkbox so important and what this new investment can do for them.
Gaining Investment Money
It's taken Evan two years of bootstrapping to bring his company to this new stage. Of course, it's not unusual for startups to find themselves in huge financial predicaments. Evan's co-founders, James Han and Paul Wenck, helped build the company, though neither of them took a salary.
On top of it, all three put in a lot of their own money to keep things afloat.
After two years of this, Checkbox obviously needed to find some other path to keep themselves solvent.
Wisely, Evan and company went to various angel investors to present a compelling case for why Checkbox should have more funding. They managed to land angel investors (anonymously) from Hong Kong and Singapore.
To learn why Checkbox has received so many accolades (and awards) over the last year, it pays to visit their website and learn about their platform.
How Checkbox Works
Evan designed his own elevator pitch to describe what his business does:
"Checkbox is a platform that enables the digital transformation of regulation and compliance processes into business applications in the cloud. Subject-matter experts use our drag and drop interface to build digital solutions without writing a single line of code."
On their website, they show how Checkbox takes care of these matters in three specific steps. First, they let you build your own app in an easy way without having to use code. It's possible to build an app here in just a matter of hours.
Then they let you deploy your app through the cloud. Your customers access it there 24/7 to avoid lag time. Using adaptive questions and guidance tips for the user, they'll be able to get the most out of the apps you create.
Afterward, the platform gives you a complete audit of what these interactions were. You'll have 100% transparency on what occurred for use in maintaining regulatory compliance. They also let you assemble multiple documents such as letters, contracts, or reports to make the information more comprehensive.
Background on Evan Wong
Evan has an extensive background in technology and in helping bring entrepreneurial education. His initial education came from gaining combined degrees in Commerce and Law at UNSW. Later, he worked as a marketing director for the UNSW Business Society and a consultant at Social Impact Hub as just a couple of examples.
In 2011, he even started an award-winning tuition firm called Hero Education that brought the connective strings to starting Checkbox. Starting the latter in 2016, the idea for the company was based on Evan never being able to understand compliance laws.
The Future for Checkbox
As mentioned above, the awards for Checkbox are innumerable, giving them considerable clout for more funding from major investors in the near future.
Late this last year, they won the annual startup pitching competition at Sydney's StartCon. Afterward, Evan and his team went to San Francisco to compete in the Startup World Cup.
They additionally onboarded more than 30 local and international enterprise customers to the platform, proving their prominence in the marketplace.
We have no doubts that with this new funding, Evan and his team will take Checkbox to new heights. Maybe this means to America eventually where staying compliant is a continual challenge.
