“More than $14 trillion of payments are transferred via paper checks in the U.S.,” Bar said. “It is not declining much, but how can the same person use an app like PayPal to transfer money to a friend, but go into the back office of their business and stuff envelopes with checks?”

https://news.crunchbase.com/news/melio-reaches-1-3b-valuation-following-110m-series-c2/?utm_content=intro&utm_term=content