Leading instant payments platform Interchecks Technologies, Inc. has successfully closed a $50 million Series C funding round led by Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners to expand its financial infrastructure. Alongside the capital injection, the company announced the general availability of Account Funding Transactions (“AFT”), a platform-native solution enabling neobanks, sportsbooks, and fintechs to accept real-time, secure deposits using debit card credentials via a unified RESTful API. This addition integrates alongside Interchecks’ existing Pay-by-Bank feature and introduces rigorous risk controls, including account verification and duplicate card detection, to effectively minimize financial chargebacks. Celebrating a decade of operations, the profitable, PCI Level 1 certified company has processed over $50 billion in transactions while maintaining a seven-year streak of triple-digit year-over-year net revenue growth.
Also Read: TitanX Enhances Salesforce and HubSpot Integrations with Advanced CRM Automation
Highlighting the company’s long-term operational vision, Dylan Massey, Co-Founder and CEO of Interchecks, stated: “Since we founded Interchecks a decade ago, our goal has been simple: make money move faster, more safely, and with more control than anyone thought possible. This raise lets us go deeper on the technology and the team, and AFT is a direct expression of what we’ve been building toward.” Endorsing the launch, Justin Zhao, VP, Head of Visa Direct, North America, added: “Interchecks continues to advance the payments ecosystem by delivering solutions that help businesses move money more quickly and securely. We’re pleased to collaborate in bringing capabilities to market that support real-time funding experiences and greater flexibility for a wide range of use cases.”
