A decade ago, waiting days for money to arrive felt normal. Today, even a few extra minutes can feel like an eternity.
That shift in consumer expectations has fueled a new generation of financial infrastructure companies. Among them is Interchecks, a payments platform that has spent the last ten years helping businesses move money faster behind the scenes.
This week, Interchecks announced a $50 million Series C funding round led by Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners. Alongside the raise, the company unveiled a new product designed to tackle one of the biggest friction points in digital finance: getting money into an account quickly and securely.
For Dylan Massey, Interchecks’ co-founder and CEO, the announcement represented the next chapter of a journey that began with a simple idea.
“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,” Massey said in the company’s announcement. “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.”
The new product, known as Account Funding Transactions (AFT), allows users to fund eligible accounts using debit card credentials. The goal is to solve a growing challenge across fintech: consumers increasingly expect instant access to their money, while businesses must still manage fraud, compliance, and operational risk.
In a LinkedIn post, Massey reflected on an op-ed from investment banker Lloyd Blankfein noting that “designing a system solely to survive the worst-case scenario comes with a growth tradeoff that may be worse on balance than the risk you’re trying to prevent.”
“That idea has shaped everything about how we’ve built Interchecks,” Massey asserted. “Instant payments is a risk business. And the goal was never to eliminate that risk, it was to manage it in a way that balances your customer’s LTV against your losses.”
Interchecks’ approach is to give clients a single API that supports multiple ways of moving money. Instead of stitching together separate systems for deposits and withdrawals, fintechs, neobanks, brokerages, and crypto platforms can manage the entire process through one platform.
Major payment networks are paying attention.
“Interchecks continues to advance the payments ecosystem by delivering solutions that help businesses move money more quickly and securely,” said Justin Zhao, VP and Head of Visa Direct, North America. “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.”
The funding round also signals investor confidence in a sector that often receives less attention than consumer-facing fintech apps, despite serving as the backbone of many digital financial experiences.
According to Interchecks, the company has processed more than $50 billion in transactions over its ten-year history, achieved triple-digit net revenue growth for seven consecutive years, and has operated profitably since 2023.
In 2016, Massey, a Goldman Sachs veteran, founded the company alongside CTO Brandon White and CPO Robert Chevlin (pictured at top of post).
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- Interchecks raises $50M as the race to make money move instantly heats up – June 18, 2026
- Karta raises $140M to bring U.S. credit cards to global travelers – June 17, 2026
- Bookit wants to make loyalty points useful again – June 16, 2026
