Interchecks raises $50M Series C as it rolls out debit-based Account Funding Transactions

Interchecks has raised a $50 million Series C round led by Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners, and simultaneously launched its Account Funding Transactions product to enable real-time debit-based account funding. The new capability extends the platform beyond payouts into deposits and supports a broader set of money-in and money-out flows for sportsbooks, fintechs, and financial institutions.

The AFT release allows Interchecks clients to fund eligible accounts using debit credentials over card rails, with transaction processing designed for fast and secure funding experiences. The product targets use cases including account-to-account transfers, neobank and neobrokerage top-ups, and crypto wallet funding, and is offered alongside Interchecks’ existing Pay-by-Bank funding solution through a single RESTful API to avoid multiple integrations.

Risk tooling is built directly into the AFT flow, including account verification, real-time duplicate card detection, customizable velocity limits benchmarked to industry norms, and monitoring for suspicious activity to reduce chargeback exposure before funds move. “Since we founded Interchecks a decade ago, our goal has been simple: make money move faster, more safely, and with more control than anyone thought possible,” said Dylan Massey, Co-Founder and CEO of Interchecks. “This raise lets us go deeper on the technology and the team, and AFT is a direct expression of what we’ve been building toward.”

On the investor side, Bettor Capital framed the deal as consistent with its thesis in gaming and fintech infrastructure, while Visa highlighted the real-time funding angle. “Interchecks continues to advance the payments ecosystem by delivering solutions that help businesses move money more quickly and securely. We’re pleased to collaborate in bringing capabilities to market that support real-time funding experiences and greater flexibility for a wide range of use cases,” said Justin Zhao, VP, Head of Visa Direct, North America.

Interchecks reports more than $50 billion in processed volume over its 10-year history, triple-digit net revenue growth year-over-year for the last seven years, and profitability since 2023, and is certified as a PCI Level 1 Service Provider and SOC 2 Type 2. The Series C capital and AFT rollout position the company to compete more directly across the full lifecycle of instant money movement, from deposits to withdrawals, in verticals where real-time funding and tight fraud controls are increasingly becoming table stakes.