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.

Led · Series B · Jun 2021

MOCA provides a digital-first, card-based payment platform that lets community banks, credit unions, and select fintechs offer EMV-enabled contactless cards, on-demand virtual cards, supervised family cards, wallet provisioning, and real-time P2P payments. Its platform enables cardholders to create purpose-driven cards and single-use card numbers via Mia, a browser-based online payment assistant that uses a proprietary plugin. The company is headquartered in Bastrop, Texas and is led by industry veterans whose principals collectively have well over 100 years of experience in community financial institution and payments products. MOCA positions its product as a flexible, best-in-class solution for localized financial institutions that want modern payment features. Following the announced strategic investment, MOCA plans to enhance its payment solution, build out its team, and expand sales reach while maintaining best-in-class customer service. The company also intends to use proceeds to increase its domestic reach and expand its footprint in the Caribbean and Latin America.

Participated · Equity · Jan 2019

Finxact provides a SaaS core banking platform that enables banks to integrate new services and migrate to a real-time digital-banking system of record. The company aims to deliver commercial and technical scale so banks can differentiate customer experiences. It works with multiple U.S. and international financial institutions, from de novo banks to top-tier banks, on projects ranging from full bank conversions to digital-only initiatives. Led by founder and CEO Frank Sanchez, Finxact is positioning its platform for broad market adoption. The company raised $30M in equity financing to complete development and build scale to match market demand. Management intends to use the proceeds to finish product development and expand capacity. Finxact is developing an enterprise-class Core-as-a-Service platform that combines public cloud deployment with private data options and an open banking API. The platform is designed to let banks deliver new omni-channel services tailored for a real-time, digital-first world. The company says Finxact Core is targeted for first live customers in 2017 with general availability in 2018. Finxact raised $12M in seed funding to complete development of its platform. Backers included Live Oak Ventures and other strategic investors and angels. The company is co-founded by Frank Sanchez (CEO) and Mike Sanchez and is based in Jacksonville, FL.

Participated · Equity · Dec 2017

Payrailz provides cloud-based payment technology that automates tasks and creates predictive, “do it for me” payment experiences for financial institutions. Its platform emphasizes AI, dynamic workflow, open data exchange and a robust SDK to enable banks and credit unions to offer differentiated digital payment services. The company positions itself as bridging the gap between tech-enabled consumers’ expectations and traditional payment approaches through digital channels. Payrailz’s solutions aim to make payments more engaging and to simplify user workflows by automating common payment tasks. The company communicates a focus on ongoing product innovation and on helping financial institutions meet current and future payment expectations. Payrailz builds cloud-based digital payments technology that offers advanced bill payment and money transfer solutions to banks and credit unions. Its platform emphasizes “do it for me” automation, predictive and more engaging payment experiences using AI, dynamic workflow, open data exchange and a robust SDK. The company positions its products to bridge the gap between tech-enabled consumers’ expectations and legacy payment approaches. Payrailz highlights cloud infrastructure and open APIs as core to future product development. The announcement was issued from Glastonbury, Conn., where the company is based. The company says it is focused on product innovation to revitalize the payment experience for financial institutions and their customers.