Interchecks raises $50M Series C to scale instant payments

Interchecks, a Brooklyn-based instant payments platform, has raised $50 million in Series C funding to expand its infrastructure for deposits and payouts. The round was led by Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners.

The company also announced general availability of Account Funding Transactions, a new product that lets businesses fund eligible accounts with debit credentials. Interchecks says the update broadens its platform beyond payouts and into a fuller money-movement workflow for clients that include sportsbooks, fintechs, and financial institutions.

The new capital is intended to deepen the product and support broader adoption of real-time payment tools. Crunchbase’s funding roundup placed Interchecks among the week’s largest announced venture rounds and said the company has raised just under $79 million to date, while another report put total funding at about $68 million, reflecting some variation in how prior financing is counted.