Interchecks Raises $50M in Series C Funding to Expand Payment Infrastructure

Interchecks, a New York-based instant payments infrastructure provider, has raised $50 million in a Series C funding round.

The round saw participation from Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners.

The company plans to use the capital to expand its operations and support product development initiatives. The funding will also help Interchecks strengthen its payment infrastructure capabilities for enterprise clients.

Founded to simplify money movement for businesses and financial platforms, Interchecks provides instant payment solutions for enterprises, fintech companies, sportsbooks, and financial institutions.

The platform helps businesses manage backend payment operations through automation tools. These tools support data collection, payment elections, and 1099 tax compliance processes.

According to the company, its infrastructure is designed to reduce manual administrative work and improve payment distribution workflows for organizations handling large transaction volumes.

Interchecks is led by CEO Dylan Massey. The company continues to focus on serving businesses that require faster and more automated payment operations.

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