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Interchecks

Disbursement platform for business payments

Overview

Interchecks provides a unified disbursement platform for sending money to individuals, supporting instant payments, direct deposits, eChecks, and physical checks. Businesses integrate via a RESTful API, use white-label portals to customize the experience, and rely on the platform for processing, compliance, and fraud monitoring in real time. What sets it apart is the combination of multiple payout methods, a developer-friendly API, customizable portals, and built-in 1099 tax compliance. The goal is to deliver a secure, efficient, and scalable payment infrastructure that simplifies paying contractors and other recipients for businesses and their payees.

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About Interchecks

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

Industries

Enterprise SoftwareFintechCybersecurityFinancial Services

Company Size

51-200

Company Stage

Series C

Total Funding

$66.4M

Headquarters

New York City, New York

Founded

2016

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Simplify's take

What believers are saying

  • Interchecks raised $50 million on June 15, 2026, funding product and hiring expansion.
  • AFT launched in June 2026, expanding Interchecks into account-funding transactions.
  • Mastercard partnership and Visa, RTP, stablecoin expansion widen distribution and product reach.

What critics are saying

  • Visa, Mastercard, and Pay-by-Bank competitors can compress pricing by 2027.
  • Sportsbook exposure concentrates revenue around regulated gaming operators and their licensing shocks.
  • A failed fraud event on AFT or payouts would damage bank partners and kill growth.

What makes Interchecks unique

  • Interchecks unifies deposits, withdrawals, and compliance on one RESTful API.
  • Mastercard partnered with Interchecks in September 2026 for account-to-account Open Finance payments.
  • Interchecks processed over $50 billion and has stayed profitable since 2023.

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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
$50M
$62M
$100M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Unlimited Paid Time Off
  • Paid Holidays
  • Company Equity
  • Performance Bonus
  • Wellness Program
  • Home Office Stipend

Growth & Insights and Company News

6 month growth

1%

1 year growth

1%

2 year growth

0%
The SaaS News
Jun 16th, 2026
Interchecks raises $50M Series C.

Interchecks raises $50M Series C. Interchecks raises $50M in a Series C round led by Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners to scale its platform. Updated June 15, 2026 Interchecks, a New York-based instant payments platform serving sportsbooks, fintechs, and financial institutions, has secured $50 million in a Series C funding round. The company provides a comprehensive platform for money movement and recently launched Account Funding Transactions to further support its clients. Investors. The funding round was co-led by Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners. Interchecks use of funds. Interchecks plans to use the new capital to scale its team and accelerate the development of its payment technology infrastructure, particularly following the launch of its new Account Funding Transactions product. About Interchecks. Founded a decade ago, Interchecks is led by Co-Founder and CEO Dylan Massey. The company provides an instant payments platform designed to help businesses move money faster and more securely through a single RESTful API, supporting a wide range of deposit and withdrawal use cases. Funding details. Company: Interchecks Raised: $50M Round: Series C Funding Date: June 15, 2026 Lead Investor: Bettor Capital, Commerce Ventures, Decades Holdings, Thayer Street Partners Company Website: www.interchecks.com Software Category: Fintech Source: https://www.morningstar.com/news/pr-newswire/20260615ny82768/interchecks-secures-50m-series-c-to-expand-instant-payments-infrastructure-launches-account-funding-transactions Updated June 15, 2026

WEEX
Jun 15th, 2026
Digital payment platform Interchecks completes $50 million Series C financing, led by Bettor Capital.

Digital payment platform Interchecks completes $50 million Series C financing, led by Bettor Capital. By: rootdata | 2026/06/15 20:42:01 According to PR Newswire, the digital payment platform Interchecks announced the completion of a $50 million Series C financing round, led by Bettor Capital, with participation from Commerce Ventures, Decades Holdings, and Thayer Street Partners. The company primarily serves account transfers, digital banking (neobank), brokerage platforms, and cryptocurrency wallet deposit scenarios, allowing businesses to make real-time deposits to compliant accounts using debit card vouchers, and achieving fast and secure fund flows through an integrated risk control system. It currently maintains partnerships with global payment networks such as Visa and Mastercard. Reallink price. -15.64% Past 30 days Reallink is currently trading at 0.06203 USD. Over the past 30 days, Reallink has fallen -15.64%. Learn more about Reallink.

AInvest Fintech Inc.
Jun 15th, 2026
Interchecks raises $50M Series C to expand instant payment infrastructure and compliance solutions

Interchecks, a payment platform for consumers and businesses, has raised $50 million in Series C funding, bringing its total capital raised to $66.3 million since founding in 2016. The round was led by Senator Investment Group and Standard Investments, with participation from Commerce Ventures, Nuvei and Shift4 Ventures. The company will use the funds to expand its instant payment infrastructure, including support for Visa Direct, RTP and stablecoins, whilst enhancing compliance solutions. Interchecks also plans to significantly increase its 50-person workforce. Founded in 2016, Interchecks reached $2.3 million in annual recurring revenue in 2023. The company has established partnerships with Mastercard and TerraPay to expand digital wallet usage in the fintech and online gaming sectors.

Business Wire
Jan 27th, 2022
Interchecks Announces $16M Series B Financing, Co-led by Senator Investment Group and Standard Investments, to Accelerate Instant Payment Infrastructure

Interchecks, one of the fastest growing instant payment infrastructure and service providers, today announced a $16M Series B fundraise. The funding r

Business Wire
Jan 27th, 2022
Interchecks Announces $16M Series B Financing, Co-led by Senator Investment Group and Standard Investments, to Accelerate Instant Payment Infrastructure

Interchecks, one of the fastest growing instant payment infrastructure and service providers, today announced a $16M Series B fundraise. The funding r

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