Interchecks raises $50m Series C and launches Account Funding Transactions for sportsbook, FinTech and crypto wallet deposits

Interchecks has closed a $50m Series C round and turned on Account Funding Transactions (AFT), a new debit-credential funding product meant to reduce deposit friction for digital finance businesses. For high-risk PSPs, the interesting part is not the fundraising headline; it is that Interchecks is packaging faster account funding with built-in risk controls on a single RESTful API.

1. The $50m Series C was led by Bettor Capital, Commerce Ventures, Decades Holdings and Thayer Street Partners. Interchecks said the capital will support further technology and team development as it expands its payments stack.
2. AFT is now generally available and is designed to let businesses fund eligible accounts via debit credentials. Interchecks says the product supports real-time account funding and is aimed at use cases including account-to-account transfers, neobank funding, neobrokerage funding and crypto wallet funding.
3. The company says AFT sits alongside its existing Pay-by-Bank solution on one RESTful API, so clients can offer multiple deposit methods through one integration rather than stitching together several. That matters in practice because deposit flow is where many digital finance operations either win the user or lose them to friction.
4. Interchecks says built-in risk controls include account verification, real-time duplicate card detection, customisable velocity limits benchmarked to industry standards and proactive suspicious activity monitoring. The stated goal is to reduce chargeback exposure before funds move, which is the part PSPs tend to care about when the money starts getting real.
5. The company says it has processed more than $50bn in transactions over its decade of operation, delivered triple-digit net revenue growth year-on-year for seven consecutive years and has been profitable since 2023. It also holds PCI Level 1 Service Provider certification and SOC 2 Type 2 certification, and operates across Visa and Mastercard.

For context, Interchecks is already talking to sportsbooks, FinTech firms and financial institutions, so this is squarely in the lane where deposit acceptance, fraud controls and card-network coverage need to work together rather than in isolation.