Interchecks raised $50 million from a syndicate including Bettor Capital and Commerce Ventures to scale its payments API for deposits and payouts. The company provides the rails that let platforms collect funds and disburse payments programmatically across multiple methods.
The round reflects continued investor conviction in embedded-finance infrastructure. While card acceptance has been heavily funded for years, the disbursement and payout side -- paying out winnings, contractors, claims, and marketplace sellers -- remains comparatively underbuilt, and it's exactly the kind of unglamorous, high-frequency money movement that compounds into a durable business.
“The round reflects continued investor conviction in embedded-finance infrastructure.”
For fintech builders, Interchecks fits a pattern: in a tighter capital environment, infrastructure with clear unit economics and recurring transaction volume is easier to fund than consumer-facing experiments.