Interchecks raises $50 million Series C and launches real-time Account Funding Transactions

Interchecks has closed a $50 million Series C and moved its Account Funding Transactions (AFT) product into general availability. For PSPs and high-risk merchants, the useful bit is simple: the company is pushing further into real-time funding and payout infrastructure across banks, fintechs, and sportsbooks, with embedded compliance and risk controls baked into the stack.

1. The round was led by Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners. Including this latest raise, Interchecks says total funding since its 2016 launch is approximately $68 million.
2. That total includes a $2 million investment from EML Payments via its venture incubator, EML FINLAB, in October 2020, and a $16 million Series B led by Senator Investment Group and Standard Investments in January 2022. Other backers named by the company include Nuvei and Shift4 Ventures.
3. Interchecks says it has delivered triple-digit net revenue growth year-over-year for the past seven years, has operated profitably since 2023, and has processed more than $50 billion in transactions to date.
4. Based in New York, the company runs a payment infrastructure platform that connects banks, fintechs, and sportsbooks to instant deposit and payout networks via API. In practice, it routes real-time transactions across rails such as Pay-by-Bank and Push-to-Card while handling embedded compliance, fraud monitoring, and risk management.
5. The new AFT product expands those capabilities on the funding side. Interchecks says it lets businesses fund eligible accounts using debit credentials and is built for account-to-account transfers, neobank, neobrokerage, and crypto wallet funding, with account verification, real-time duplicate card detection, and customizable velocity limits as embedded controls.

Interchecks currently has a lean team of about 50 employees, according to LinkedIn. CEO and co-founder Dylan Massey said the Series C cash “lets us go deeper on the technology and the team.”