Interchecks Secures $50M Series C, Unveils Real-Time Account Funding Platform
June 16, 2026, 10:14 pm
Location: United States, California, San Francisco
Employees: 11-50
Founded date: 2012
Interchecks, a pivotal instant payments provider, has secured $50 million in Series C funding. This capital surge powers expansion and innovation. The company also launched its Account Funding Transactions (AFT) platform. AFT delivers real-time debit card funding. It streamlines digital money movement significantly. This dual announcement solidifies Interchecks' market leadership. It enhances secure, efficient financial transactions across diverse sectors. These include sportsbooks, fintechs, and neobanks. The firm demonstrates consistent growth and robust compliance. It shapes the future of modern payment solutions.
Interchecks, a prominent name in instant payments, just announced a major financial milestone. The company secured $50 million in Series C funding. This substantial investment marks a pivotal moment. It propels Interchecks into its next phase of growth. New capital fuels expanded operations. It also accelerates technology development. Industry leaders Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners led the round. Their confidence underscores Interchecks' strong market position.
Alongside the funding news, Interchecks unveiled a groundbreaking new product. The Account Funding Transactions (AFT) platform is now generally available. AFT expands Interchecks' instant payments infrastructure. It introduces real-time debit card funding capabilities. This innovation broadens the spectrum of money movement solutions. Businesses can now fund eligible accounts instantly. They use existing debit card credentials. This service promises faster, more secure funding experiences for users.
The AFT product directly addresses a critical pain point in digital finance: deposit friction. Traditional funding methods can be slow. AFT bypasses these delays. It enables real-time account funding via established debit card rails. This ensures immediate availability of funds. The platform also incorporates advanced, layered risk management tools. This protects both businesses and consumers. Target applications are broad. They include account-to-account transfers. Neobank and neobrokerage accounts benefit. Crypto wallet funding also sees significant improvement.
AFT integrates seamlessly with Interchecks' existing Pay-by-Bank solution. This integration occurs through a single RESTful API. Clients gain significant flexibility. They can offer multiple deposit options. This eliminates the need for maintaining separate integrations. Such unified access simplifies implementation. It reduces development overhead. Built-in controls bolster security. These include account verification. Real-time duplicate card detection is standard. Customizable velocity limits align with industry benchmarks. Proactive monitoring identifies suspicious activity. These measures significantly reduce chargeback exposure.
The newly raised capital has a clear strategic purpose. Interchecks will allocate funds to continued technology investments. This includes further enhancing the core instant payments platform. It involves refining the AFT solution. The company also plans significant team expansion. New hires will support growth across engineering, product development, and customer success. This investment reinforces a commitment to innovation. It ensures Interchecks remains at the forefront of payment technology.
Interchecks boasts an impressive track record. Over its ten-year history, the company has processed more than $50 billion in transactions. This volume highlights its scale and reliability. Financial performance is equally strong. Interchecks has achieved triple-digit net revenue growth year-over-year for the past seven years. This sustained growth demonstrates market demand for its solutions. The company has also maintained profitability since 2023. This financial health provides a solid foundation for future expansion.
Compliance and security remain paramount for Interchecks. The company holds PCI Level 1 Service Provider certification. This is the highest level of data security compliance for card processing. Interchecks is also SOC 2 Type 2 certified. This attests to stringent internal controls over security, availability, processing integrity, confidentiality, and privacy. These certifications assure clients of robust data protection. Interchecks further partners with global payment networks. Collaborations with Visa and Mastercard facilitate widespread service delivery. These partnerships underscore its commitment to secure, ubiquitous payment processing.
Interchecks is reshaping how businesses manage money movement. Its platform streamlines backend administrative tasks. It automates data collection. It simplifies payment elections. Crucially, it handles 1099 tax compliance automatically. This comprehensive suite of tools liberates enterprises. They can automate tax reporting and distribution. This efficiency allows businesses to focus on core operations. It reduces manual effort and potential errors.
The company's focus on instant, compliant, and secure payments is timely. Digital economies demand speed and reliability. Interchecks delivers these critical capabilities. Its solutions empower diverse industries. Sportsbooks require rapid payouts. Fintechs need agile money transfer. Financial institutions seek modern infrastructure. Interchecks meets these complex needs. Its continuous innovation drives significant value for its clients. The future of money movement is fast. Interchecks is building that future today.
Interchecks, a prominent name in instant payments, just announced a major financial milestone. The company secured $50 million in Series C funding. This substantial investment marks a pivotal moment. It propels Interchecks into its next phase of growth. New capital fuels expanded operations. It also accelerates technology development. Industry leaders Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners led the round. Their confidence underscores Interchecks' strong market position.
Alongside the funding news, Interchecks unveiled a groundbreaking new product. The Account Funding Transactions (AFT) platform is now generally available. AFT expands Interchecks' instant payments infrastructure. It introduces real-time debit card funding capabilities. This innovation broadens the spectrum of money movement solutions. Businesses can now fund eligible accounts instantly. They use existing debit card credentials. This service promises faster, more secure funding experiences for users.
The AFT product directly addresses a critical pain point in digital finance: deposit friction. Traditional funding methods can be slow. AFT bypasses these delays. It enables real-time account funding via established debit card rails. This ensures immediate availability of funds. The platform also incorporates advanced, layered risk management tools. This protects both businesses and consumers. Target applications are broad. They include account-to-account transfers. Neobank and neobrokerage accounts benefit. Crypto wallet funding also sees significant improvement.
AFT integrates seamlessly with Interchecks' existing Pay-by-Bank solution. This integration occurs through a single RESTful API. Clients gain significant flexibility. They can offer multiple deposit options. This eliminates the need for maintaining separate integrations. Such unified access simplifies implementation. It reduces development overhead. Built-in controls bolster security. These include account verification. Real-time duplicate card detection is standard. Customizable velocity limits align with industry benchmarks. Proactive monitoring identifies suspicious activity. These measures significantly reduce chargeback exposure.
The newly raised capital has a clear strategic purpose. Interchecks will allocate funds to continued technology investments. This includes further enhancing the core instant payments platform. It involves refining the AFT solution. The company also plans significant team expansion. New hires will support growth across engineering, product development, and customer success. This investment reinforces a commitment to innovation. It ensures Interchecks remains at the forefront of payment technology.
Interchecks boasts an impressive track record. Over its ten-year history, the company has processed more than $50 billion in transactions. This volume highlights its scale and reliability. Financial performance is equally strong. Interchecks has achieved triple-digit net revenue growth year-over-year for the past seven years. This sustained growth demonstrates market demand for its solutions. The company has also maintained profitability since 2023. This financial health provides a solid foundation for future expansion.
Compliance and security remain paramount for Interchecks. The company holds PCI Level 1 Service Provider certification. This is the highest level of data security compliance for card processing. Interchecks is also SOC 2 Type 2 certified. This attests to stringent internal controls over security, availability, processing integrity, confidentiality, and privacy. These certifications assure clients of robust data protection. Interchecks further partners with global payment networks. Collaborations with Visa and Mastercard facilitate widespread service delivery. These partnerships underscore its commitment to secure, ubiquitous payment processing.
Interchecks is reshaping how businesses manage money movement. Its platform streamlines backend administrative tasks. It automates data collection. It simplifies payment elections. Crucially, it handles 1099 tax compliance automatically. This comprehensive suite of tools liberates enterprises. They can automate tax reporting and distribution. This efficiency allows businesses to focus on core operations. It reduces manual effort and potential errors.
The company's focus on instant, compliant, and secure payments is timely. Digital economies demand speed and reliability. Interchecks delivers these critical capabilities. Its solutions empower diverse industries. Sportsbooks require rapid payouts. Fintechs need agile money transfer. Financial institutions seek modern infrastructure. Interchecks meets these complex needs. Its continuous innovation drives significant value for its clients. The future of money movement is fast. Interchecks is building that future today.