Interchecks, a leading instant payments platform serving sportsbooks, fintechs, and financial institutions, today announced a $50 million Series C led by Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners. Alongside the raise, the company announced the general availability of Account Funding Transactions (“AFT”) that enables businesses to fund eligible accounts using debit credentials, with transaction processing designed to support fast, secure funding experiences. This expands Interchecks’ platform to cover the full lifecycle of money movement for its clients.
“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,” said Dylan Massey, Co-Founder and CEO of Interchecks. “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.”
“Interchecks’ differentiated platform, outstanding team, and strong commercial momentum all align perfectly with Bettor Capital’s thesis of backing premier software and technology suppliers within our vertical, and we are thrilled to continue supporting the Company via its Series C fundraise.” – Jake Kleiner, Partner, Bettor Capital
The AFT product addresses one of the most common friction points in digital finance: accepting deposits quickly and safely while helping businesses manage risk through built-in controls. With AFT, Interchecks clients can fund accounts in real time using debit card rails, with layered fraud protections built directly into the transaction flow. The product is purpose-built for use cases including account-to-account transfers, neobank, neobrokerage, and crypto wallet funding. It joins Interchecks’ existing Pay-by-Bank funding solution on a single RESTful API, meaning clients can offer a broad spectrum of deposit methods without managing multiple integrations.
Risk controls embedded in AFT include account verification, real-time duplicate card detection, customizable velocity limits benchmarked to industry standards, and proactive monitoring of suspicious activity — all designed to reduce chargeback exposure before funds move.
“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.” — Justin Zhao, VP, Head of Visa Direct, North America.
Interchecks has processed more than $50 billion in transactions over its 10-year history, achieved triple-digit net revenue growth year-over-year for the past seven years, and operated profitably since 2023. The company is a certified PCI Level 1 Service Provider and SOC 2 Type 2 certified, and works with major global networks including Visa and Mastercard.
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