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Interchecks

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Interchecks

Disbursement platform for business payments

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Overview

Interchecks is a fintech platform that consolidates disbursements from businesses to individuals, supporting instant payments, direct deposits, eChecks, and physical checks. It provides a RESTful API for easy integration, white-label portals for customization, and 1099 tax compliance tools to simplify paying contractors. Transactions run on a centralized disbursement network with real-time fraud detection powered by algorithms and AI. Its goal is to offer a secure, scalable payment infrastructure that reduces back-office costs and speeds up payments for both businesses and recipients.

Funded Recently

About Interchecks

Simplify's Rating
Why Interchecks is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Cybersecurity

Financial Services

Company Size

11-50

Company Stage

Series C

Total Funding

$66.4M

Headquarters

Delray Beach, Florida

Founded

2016

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Simplify's Take

What believers are saying

  • $50 million Series C funds platform expansion and hiring.
  • AFT opens neobanks, neobrokerages, and crypto wallet funding use cases.
  • $50 billion processed and profitable since 2023 signal operating leverage.

What critics are saying

  • Visa and Mastercard control core rails, compressing Interchecks' pricing power.
  • Regulatory scrutiny on debit funding and fraud controls can slow AFT adoption.
  • Competition from bundled payout platforms threatens sportsbook and fintech customer retention.

What makes Interchecks unique

  • Single RESTful API covers deposits, withdrawals, and Account Funding Transactions.
  • Serves sportsbooks, fintechs, and financial institutions with instant payments infrastructure.
  • PCI Level 1 and SOC 2 Type 2 support enterprise compliance.

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Funding

Total Funding

$66.3M

Below

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Meet Average

Industry standards

$50M
$50M
Medium
$50M
Interchecks
$62M
SeatGeek
$100M
Oura

Growth & Insights

Headcount

6 month growth

↑ 2%

1 year growth

↑ 2%

2 year growth

↑ 2%

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