Back to Markets
Stocks● Neutral
Interchecks Raises $50M Series C for Instant Payments
Interchecks closed a $50M Series C led by Bettor Capital and launched Account Funding Transactions for debit-based real-time funding. The raise backs its instant payments platform for sportsbooks and fintechs.
Continue with
Interchecks, an instant payments platform serving sportsbooks, fintechs and financial institutions, closed a $50 million Series C round led by Bettor Capital, Commerce Ventures, Decades Holdings and Thayer Street Partners.
The New York-based company also launched Account Funding Transactions, a service that lets businesses fund eligible accounts using debit credentials. The feature is designed for fast, secure funding experiences, Interchecks said.
Together, the raise and the product expansion give Interchecks coverage across the full lifecycle of money movement for its clients. The company processes payments for sportsbooks, where speed of settlement is a competitive differentiator, and for fintechs and financial institutions that need real-time account funding.
The Series C brings Interchecks' total disclosed funding to an undisclosed sum. The company did not disclose valuation terms.