The Venture Codex

Participated · Series A · Jan 2025

Infinant offers Interlace, a cloud-based platform that gives banks operational and regulatory control over digital and embedded programs, including ledger, operations and compliance management. Led by CEO Riaz Syed, the company serves banks across use cases such as launching niche digital banks, embedding payments into vertical applications, expanding merchant and ISO relationships, and scaling partner-banking/BaaS programs. Its product suite includes the Interlace Console for customer and account management, Settlement Ops for ledger and reconciliation, a Payments Hub for ACH, Wire and FedNow, and a Card Platform with card issuance and processing to Visa DPS. The company raised $15M in Series A financing to enhance its product suite, align with regulatory requirements, and support banks in scaling innovative financial solutions. The funding will be used to continue expanding product offerings and operational capabilities for partner banks. No operating metrics or valuation were disclosed in the article.