Interchecks
Interchecks is an API-first instant payments platform founded in 2016 that routes push-payment and Account Funding Transactions for sportsbooks, fintechs, neobanks, and financial institutions via direct integrations with Visa, Mastercard, and ACH rails.
- Company typePrivate
- Founded2016
- HeadquartersBrooklyn, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Interchecks does
Interchecks is an API-first instant payments platform founded in 2016 and headquartered in Brooklyn, New York, that enables push-payment flows for sportsbooks, fintechs, neobanks, and financial institutions. Its core products center on instant-deposit and Account Funding Transactions (AFT), supporting both card-network and ACH rails with real-time risk decisioning, adaptive transaction monitoring with 65+ configurable risk settings, and an automated representment process. The platform integrates directly with Visa, Mastercard, The Clearing House, Plaid, and Nacha, and operates under PCI Level 1 and SOC 2 compliance frameworks while advertising 99.99% uptime.
The business model is transaction-based: Interchecks earns a take-rate on each instant payment routed through its platform, with revenue scaling alongside customer volume rather than seat-based licensing. Go-to-market is enterprise-direct, anchored by integration partnerships with major US online sportsbooks (DraftKings, FanDuel, BetMGM, Fanatics Sportsbook) and consumer fintechs (Credit Karma Money, ZayZoon). The company reports having processed more than $50 billion in cumulative transactions over roughly a decade, triple-digit net revenue growth for seven consecutive years, and profitability since 2023. Recent product and partnership expansion — including AFT for crypto and neobrokerage use cases, a Mastercard Open Finance partnership for subscription and insurance flows, and an nbkc Bank BaaS integration — indicates deliberate diversification beyond the original sportsbook and earned-wage-access core.
Interchecks firmographics
Firmographics- Name
- Interchecks
- Legal name
- Interchecks Technologies, Inc.
- Website
- https://interchecks.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Interchecks is an API-first instant payments platform founded in 2016 that routes push-payment and Account Funding Transactions for sportsbooks, fintechs, neobanks, and financial institutions via direct integrations with Visa, Mastercard, and ACH rails.
- Ownership category
- akta.pro rank
Interchecks industry classification
Industry- Product category
- Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Functions Related To Depository Banking, Nec (6099), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD)
- akta.pro secondary industries
- A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)
Keywords
Where Interchecks is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Interchecks business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Payment Processing/Transaction Fees: Revenue generated from transaction fees on payment processing across funding and payout services including debit card funding, push-to-card, RTP, ACH, PayPal, and Venmo transactions
- API Platform/Subscription Services: Revenue from API-based platform access enabling businesses to integrate instant payment capabilities into their systems
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Enterprise/Custom pricing based on transaction volume and services required |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Interchecks product offering
Product offeringCore offering
Interchecks is an instant payment platform that enables businesses to manage both deposits and payouts through a single RESTful API. The platform integrates multiple payment rails including Visa Direct, The Clearing House RTP, Nacha ACH, PayPal, Venmo, debit card, and bank transfers, supporting use cases such as sportsbook winnings, neobank account funding, brokerage top-ups, crypto wallet funding, and earned wage access payouts. It is sold to enterprise clients including sportsbooks, fintechs, neobanks, and financial institutions with custom transaction-based pricing.
Product overview
Interchecks is an instant payment platform providing a unified API-based infrastructure for money movement. The platform consists of two core product categories: Funding (for accepting deposits) and Payouts (for sending withdrawals). The Funding suite includes Account Funding Transactions (AFT) for real-time debit card funding and Pay-by-Bank for instant account-to-account transfers. The Payouts suite supports multiple disbursement methods including Push to Card (instant via Visa Direct), Real-Time Payments (via RTP network), ACH (next-day), PayPal, Venmo, and Checks. All products are accessible through a single RESTful API, enabling businesses to customize their payment experience with a growing range of methods and use cases.
Differentiator
Problem solved
Functional benefit
Products and services
- Funding Payment deposit solution enabling businesses to accept customer deposits with greater speed and less risk via bank transfer or debit card. Includes Account Funding Transactions (AFT) for real-time debit card funding and Pay-by-Bank for instant account-to-account transfers. Used by neobanks, brokerages, crypto platforms, and digital finance businesses to reduce funding friction.
- Payouts Payment withdrawal solution enabling fast, safe customer withdrawals through multiple methods including Push to Card, Real-Time Payments, ACH, PayPal, Venmo, and Checks. Used by sportsbooks, fintechs, neobanks, and earned wage access providers to deliver funds to recipients.
- Account Funding Transactions (AFT) Real-time debit card funding product enabling instant account and wallet funding via card networks. Supports use cases including neobank account funding, neobrokerage funding, and crypto wallet funding with built-in fraud controls. Integrates with the existing Pay-by-Bank capability through a single API.
Quantifiable outcome
- 99.99% uptime
- +4 more outcomes
Companies that use Interchecks
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles5 records
Interchecks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability2 records
Feature5 records
Interchecks partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- MastercardcoreStrategic partnership combining Interchecks Pay-by-Bank solution with Mastercard Open Finance capabilities to expand account-to-account payment adoption across subscription services, brokerage funding, and insurance. Aims to reduce churn from failed subscription payments and improve recurring bill pay experiences
- nbkc BankcoreIntegration of Interchecks instant payment technology into nbkc Banks Banking-as-a-Service platform, enabling fintech companies and non-bank organizations to offer real-time push-to-card disbursements
Scale indicators7 records
Recent moves5 records
Expansion highlights5 records
Interchecks competitors and assessment
Company assessmentDirect peers
- Modern Treasury: Modern Treasury offers payment operations infrastructure (RTP, ACH, wire) for platforms and fintechs, competing for the same enterprise money-movement workloads Interchecks targets.
- Unit: Unit provides embedded banking and payments infrastructure (including ACH, RTP, and card issuance) for fintechs—overlapping with Interchecks' nbkc BaaS-embedded distribution and Pay-by-Bank flows.
- Treasury Prime: Treasury Prime is a BaaS and payments-rail provider for neobanks and fintechs, competing with Interchecks for the same embedded instant payment and disbursement workloads.
- PayNearMe: PayNearMe powers deposits and payouts for online gaming and consumer finance, including sportsbook and lender use cases that directly intersect with Interchecks' sportsbook and EWA customers.
- Sightline Payments: Sightline Payments is a sportsbook-focused instant funding and cash access provider; it overlaps with Interchecks' sportsbook payouts (DraftKings, FanDuel, BetMGM, Fanatics) and competes for the same gaming wallets.
- Dwolla: Dwolla provides ACH and real-time payment APIs for platforms, overlapping directly with Interchecks' Pay-by-Bank, RTP, and ACH payout rails serving fintech and BaaS clients.
- Finix: Finix provides payments infrastructure for platforms, including split payouts and card processing, competing with Interchecks for embedded payments deals at marketplaces and fintechs.
- Trustly: Trustly delivers A2A bank payments for online gaming, ecommerce, and financial services—directly comparable to Interchecks' Pay-by-Bank sportsbook and fintech deposits.
- Plaid: Plaid's Pay-by-Bank and Plaid Transfer products compete directly with Interchecks' Pay-by-Bank and AFT offerings for account-to-account funding and payouts to fintechs, neobanks, and brokerages.
Broad incumbents
- Stripe: Stripe Connect, Stripe Treasury, and Stripe Issuing provide a much broader commerce and money-movement suite that overlaps with Interchecks' platform payouts, funding, and embedded finance use cases.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Interchecks social profiles
Digital presenceInterchecks compliance and trust
Trust signalCompliance2 records
Interchecks financial estimates
Financial estimateRevenue estimate
Valuation estimate
Interchecks leadership team
Management profileNumber of profiles
Profiles7 records
Interchecks funding detail
Funding detailFunding overview
Funding rounds5 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Interchecks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Interchecks
What does Interchecks do?
Interchecks is an instant payment platform that enables businesses to manage both deposits and payouts through a single RESTful API. The platform integrates multiple payment rails including Visa Direct, The Clearing House RTP, Nacha ACH, PayPal, Venmo, debit card, and bank transfers, supporting use cases such as sportsbook winnings, neobank account funding, brokerage top-ups, crypto wallet funding, and earned wage access payouts. It is sold to enterprise clients including sportsbooks, fintechs, neobanks, and financial institutions with custom transaction-based pricing.
Is Interchecks a public or private company?
Interchecks is a private company. It is classified as venture growth investor backed and is currently operating.
When was Interchecks founded?
Interchecks was founded in 2016. It employs 101 to 250 people.
Where is Interchecks based?
Interchecks is headquartered in Brooklyn, United States, in the North America region.
How does Interchecks make money?
Two revenue lines are on record. Payment Processing/Transaction Fees are the primary driver. The others are API Platform/Subscription Services.
Who are Interchecks's main competitors?
Direct peers on record are Modern Treasury, Unit, Treasury Prime, PayNearMe, Sightline Payments, Dwolla, Finix, Trustly and Plaid. Stripe is listed as a broad incumbent.
Does Interchecks have an API?
Yes. Interchecks provides a RESTful API enabling businesses to integrate payment capabilities including funding (Account Funding Transactions, Pay-by-Bank) and payouts (Push to Card, Real-Time Payments, ACH, PayPal, Venmo, Checks). The API offers a la carte services and compliance features, allowing customization for diverse consumer and use case requirements. Includes sandbox testing environment for development and testing before going live. Developer documentation is at docs-v2.interchecks.com/docs/getting-started.
What industry is Interchecks in?
Interchecks's product category is Payment Infrastructure. Its primary akta.pro industry code is FSAMAHAD, Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments), with a secondary code of FSAMAFAB, A2A Payment Initiation Service Providers (PISPs). Its NAICS code is 522320 and its SIC code is 6099.