Interchecks raises $50 million Series C led by Bettor Capital

The digital payments platform said Commerce Ventures, Decades Holdings and Thayer Street Partners also joined the round as it expands services spanning account transfers, neobanks, brokerage platforms and crypto wallet funding.

Summary

Interchecks has raised a $50 million Series C financing round led by Bettor Capital, with participation from Commerce Ventures, Decades Holdings, and Thayer Street Partners. The digital payments platform provides infrastructure for account transfers, neobanks, brokerage platforms, and crypto wallet funding, linking traditional payment rails with digital asset on-ramps. It also works with Visa and Mastercard to enable real-time deposits to compliant accounts, underscoring demand for faster movement of funds across financial and crypto-related services.

Terms & Concepts
  • Series C: A later-stage private funding round for growth companies.
  • neobanks: Digital-first banks that operate mainly through apps.
  • crypto wallet funding: Adding money to a wallet used for digital assets.