Infinant, a Charlotte, North Carolina-based bank platform provider, has raised $15 million in a Series A funding round.
Investors
The round was led by FINTOP Capital and JAM FINTOP BankTech, with participation from Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers.
FINTOP Capital is a venture capital firm specializing in early-stage FinTech companies. With over $700 million in committed capital across five funds, FINTOP leverages decades of FinTech founding and operating experience to partner with innovative entrepreneurs driving the financial services sector forward.
JAM FINTOP BankTech is a joint venture between JAM Special Opportunity Ventures and FINTOP Capital. This partnership unites bank experts and experienced FinTech entrepreneurs to invest in companies transforming how financial institutions and their customers move, manage, and interact with money.
Infinant Use of Funds
The funding will support the expansion of Interlace's offerings, including customer and account management, centralized payments, ledger reconciliation, and card issuance and processing
About Infinant
Infinant provides a growth platform for financial institutions to power their digital and embedded banking channels without needing core replacement. Its cloud-based platform, Interlace, enables banks to launch and scale digital and embedded finance programs while maintaining operational and regulatory control over their financial products. The company supports various banking models, including digital niche banking, embedded financial services, and banking-as-a-service.
Funding Details
Company: Infinant, Inc.
Raised: $15.0M
Round: Series A
Funding Month: December 2024
Lead Investors: FINTOP Capital, JAM FINTOP BankTech
Additional Investors: Raido Capital Partners, Woodforest Financial Group, Bankers Helping Bankers
Company Website: https://www.infinant.com/
Software Category: Banking Solution
Source: https://www.accesswire.com/957944/infinant-closes-15-million-series-a-funding-round-led-by-fintop-capitaland-partnerjamfintop-banktech