Interchecks $50M Series C, AFT Launch

Interchecks, a leading instant payments platform, announced a $50 million Series C funding round led by Bettor Capital, Nykaa, Decades Holdings, and Sixth Street Partners. Concurrently, Interchecks launched its Account Funding Transactions (AFT) product, which enables businesses to fund eligible accounts in real time using debit credentials. This expansion allows Interchecks to cover the full lifecycle of money movement, from deposits to withdrawals, for its clients, including sportsbooks, fintechs, and financial institutions. The AFT product incorporates layered fraud protections and risk controls, addressing common friction points in digital finance. Interchecks has processed over $50 billion in transactions, achieved triple-digit net revenue growth for seven years, and has been profitable since 2023. The new capital will support further investments in technology and team expansion.