Infinant, a Charlotte, NC-based bank platform provider, raised $15m in Series A funding.
The round was led by FINTOP Capital with participation from Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers.
The company intends to use the funds to enhance its product suite, align with regulatory requirements, and support banks in scaling innovative financial solutions.
Led by Riaz Syed, CEO, Infinant provides a cloud-based platform, Interlace, for banks to launch and scale their digital and embedded programs under their own control. It gives banks operational and regulatory control of their programs on a bank-owned platform, allowing them to maintain complete control of the ledger, operations and compliance.
The company works with banks across business models that include launching digital banks into niche markets, embedding financial products and payments into business vertical applications, expanding merchant and ISO relationships through emerging payment and instant funding offerings, delivering new products to SMB and commercial customers via sub-accounting, and scaling of partner banking or banking-as-a-service programs.
With this round, Infinant will continue to expand their product offerings that include the Interlace Console for customer and account management, Settlement Ops for ledger and reconciliation management, Payments Hub that offers centralized payments for ACH, Wire and FedNow, and their Card Platform that includes card issuance and processing directly to Visa DPS.
FinSMEs
03/01/2025