PANews reported on June 16th that Interchecks, an instant payment platform, announced the completion of a $50 million Series C funding round. Investors included Better Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners. The company also launched its Account Funding Transactions (AFT) product, based on debit cards. AFT supports real-time deposits to compliant accounts via debit card networks and integrates risk control features such as account verification, real-time duplicate card detection, customizable limits, and suspicious behavior monitoring. AFT is integrated with the previous Pay-by-Bank feature into a single API, targeting scenarios such as inter-account transfers, neobank, online brokerage, and crypto wallet deposits. Interchecks stated that it has processed over $50 billion in transactions over its ten-year history and has been profitable since 2023.