Interchecks Raises $50 Million to Expand Instant Payments Infrastructure for Sportsbooks, FinTechs and Financial Institutions

Interchecks has closed a $50 million Series C round to scale the instant payments infrastructure it uses across sportsbooks, FinTechs and financial institutions. For high-risk operators, the relevant detail is not the funding headline itself, but the company’s push to widen its payout and account-funding stack across the full money-movement lifecycle.

1. The round was led by Bettor Capital, Commerce Ventures, Decades Holdings and Thayer Street Partners, according to a Monday, June 15 press release. Interchecks said the new capital will go into expanding its platform, which has processed more than $50 billion in transactions over 10 years.
2. The company also said it has delivered triple-digit year-over-year revenue growth for the past seven years and has been profitable since 2023. For PSPs and merchants in higher-risk verticals, that combination usually matters more than a glossy product pitch: it suggests a provider that has already survived enough volume, compliance friction and payout pressure to keep operating.
3. In the same release, Interchecks said Account Funding Transactions (AFT) are now generally available. AFT lets businesses use debit credentials to fund eligible accounts, which extends Interchecks’ platform beyond payout rails and into the funding side of the flow as well.
4. Interchecks co-founder and CEO Dylan Massey said the raise will let the company go deeper on technology and team building, and described AFT as a direct extension of what the company has been building toward over the last decade. In practice, that means a stronger claim to being an end-to-end money movement layer rather than just a one-directional payments tool.
5. The company’s gaming roots still matter here. PYMNTS Intelligence’s report Generation Instant: Gaming and Winnings found that 66% of consumers prefer instant winnings payouts because they are convenient, which is the sort of demand signal that keeps payout infrastructure vendors in the conversation for sportsbooks and adjacent verticals.

Interchecks also announced in December that it partnered with Mastercard to expand account-to-account payments and to broaden access to A2A payments across new markets and use cases. That partnership was aimed at subscription businesses, banks, neobanks, FinTechs, telecoms and utilities, while Interchecks said it planned to extend its Pay by Bank solution beyond gaming into additional industries.