Interlace Raises $10 Million to Drive Global Expansion
In Brief
Interlace secures $10M to fuel global expansion, scale its fintech platform, and strengthen leadership as it delivers secure, cross-border financial solutions worldwide.
Interlace, a Singapore-based fintech platform focused on card issuance and digital asset management, has secured $10 million in its Series B fundraising round. Bitrock Capital led the round, which also included major investors such as former top executives from Klarna and Robinhood. The funding will help Interlace expand into major regions such as the United States, the United Kingdom, and Asia-Pacific.
Global Expansion and Leadership Growth
Interlace has achieved great success, issuing over 4.5 million cards, collaborating with over 100 integrated partners, and processing more than 60 million transactions each year. Interlace plans to use the additional capital to expand its presence in essential worldwide regions and develop its personnel in order to better serve a diversified and growing customer base.
To support this development, the business recently appointed four new executives: Rob Vanden Broeke as Head of Global Financial Partners, Jeff Brunjes as Head of Global Operations, Mark Homeier as Head of Marketing and Business Development, and JP Eaglin as Creative Director and Strategic Partnerships. Each of these individuals provides a unique experience to help the organization navigate its next stage of expansion.
Bitrock Capital’s Confidence in Interlace
Bitrock Capital, the principal investor in this Series B1 fundraising round, has voiced great support for Interlace’s technological capabilities and development prospects. Bitrock Capital’s Founding Partner, Alfred Shang, described the company’s quick development of compliant cross-border payment solutions, as well as its ability to assist merchants in successfully managing worldwide transactions.
Shang also emphasized Interlace’s bright future, stating that the firm is well positioned to capitalize on major prospects in the global payments sector due to its innovative fintech solutions and young, dynamic management team.
Shang stated that they believed Interlace was uniquely positioned to capture significant opportunities in the global payment markets, thanks to its young and eager management team and robust fintech capabilities. Bitrock Capital has committed to supporting Interlace’s strategic expansion and commercial development, allowing the company to provide even more value to exporters and merchants facing global trade and financial issues.
Interlace’s Position in the Global Fintech Ecosystem
Interlace, founded in 2019, has swiftly established itself as a key participant in the fintech market by providing efficient, cost-effective solutions for cross-border, cross-currency, and cross-system financial demands. The company offers services in a variety of industries, including Web3 platforms, cross-border e-commerce, and B2B trading.
Interlace adheres to the greatest security requirements, obtaining the PCI-DSS Level 1 accreditation, the most demanding security certification in the worldwide card payment business. The company is also licensed in the United States, Hong Kong, and Lithuania, allowing it to provide safe and compliant services throughout these countries and beyond. These certifications and licenses are critical as the firm expands its products into new areas, laying a solid basis for future success.
With the successful completion of its Series B1 funding round, new leadership appointments, and significant investments in international development, Interlace is well-positioned to continue its rapid growth path. The company’s capacity to deliver safe, efficient, and creative financial solutions will be critical to its success as the global financial services industry shifts.
Disclaimer
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About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
