Interchecks Secures $50M Series C to Expand Instant Payments Infrastructure; Launches Account Funding Transactions

Interchecks, a prominent player in the instant payments sector, has successfully completed a $50 million Series C funding round, announced on June 15, 2026. The funding was led by Bettor Capital, with additional participation from Commerce Ventures, Decades Holdings, and Thayer Street Partners. This capital infusion is aimed at enhancing Interchecks' technology infrastructure and expanding its service offerings, particularly with the introduction of Account Funding Transactions (AFT), which will facilitate real-time debit card funding.

Founded a decade ago, Interchecks has established itself as a vital service provider for sportsbooks, fintechs, and financial institutions, processing over $50 billion in transactions to date. The company's innovative solutions have enabled it to achieve triple-digit net revenue growth year-over-year for the past seven years, and it has been profitable since 2023. The latest funding round is expected to bolster its capabilities further, allowing Interchecks to refine its technology and expand its team to meet the growing demands of the digital finance landscape.

The launch of the AFT product addresses a critical need in the financial technology sector: the ability to accept deposits quickly and securely. AFT allows businesses to fund accounts in real-time using debit card rails, incorporating layered fraud protections to mitigate risks. This product is designed for various applications, including account-to-account transfers, neobank funding, and cryptocurrency wallet transactions. By offering a single RESTful API that integrates AFT with its existing Pay-by-Bank solution, Interchecks enables clients to provide a diverse range of deposit methods without the complexity of managing multiple integrations.

The strategic rationale behind this funding round and the introduction of AFT aligns with broader trends in the financial technology sector, where the demand for faster and safer payment solutions continues to rise. As digital finance evolves, businesses are increasingly seeking tools that not only enhance user experience but also provide robust risk management features. Interchecks' focus on real-time funding experiences positions it well to capture market share in this competitive landscape.

Looking ahead, the successful fundraising and product development efforts at Interchecks signal a positive outlook for the instant payments sector. As financial institutions and fintech companies increasingly prioritize speed and security in transactions, platforms like Interchecks that offer innovative solutions are likely to thrive. The backing from reputable investors further underscores confidence in Interchecks' business model and its potential to lead advancements in the payments ecosystem.