Interchecks raises $50 million in a Series C funding round to expand its instant payments infrastructure and related product capabilities. The company, which provides real-time payments technology, says it is adding “account funding” transactions, including real-time debit card funding, and intends to offer these capabilities through a single API. Interchecks’ platform is designed to support a range of deposit and withdrawal use cases for financial businesses.
According to reporting, Interchecks’ instant payments services are used by sectors including sportsbooks, FinTechs, and financial institutions. One outlet also states that over the company’s roughly 10-year history, its platform has processed more than $50 billion in transactions. The same source reports triple-digit year-over-year revenue growth for the past seven years.
The sources agree on the funding amount, the Series C round, and the company’s goal of expanding its instant payments infrastructure. They also align on Interchecks’ focus on enabling real-time payment and account funding functionality through its platform and API.
