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9:37 AM · Dec 5, 2024 · Interlace, a leading global card issuance and digital asset management platform, today announced it has secured $10 million in Series B1 funding. The round was led by Bitrock Capital, with participation from prominent individual investors in the fintech industry, including early employees and senior managers from companies like Klarna and Robinhood. This latest investment brings Interlace's total funding to date to an undisclosed amount, further solidifying its position in the rapidly evolving fintech landscape.
This funding round marks a significant milestone for Interlace, enabling the company to accelerate its global expansion plans and further develop its innovative financial solutions. The company plans to focus on key markets including Asia-Pacific (APAC), the United States, and the United Kingdom. A significant portion of the investment will be dedicated to expanding its international team and enhancing its capacity to serve a diverse global client base. This strategic move underscores Interlace's commitment to providing seamless and efficient financial services worldwide.
Strengthening Leadership for Global Growth
In conjunction with the funding announcement, Interlace has appointed four seasoned executives to its leadership team, bolstering its expertise and strategic capabilities:
- Rob Vanden Broeke, Head of Global Financial Partners: Mr. Vanden Broeke brings extensive experience in fintech, payments, and technology, with a strong background in integrated partnerships, Banking-as-a-Service (BaaS), and global payment solutions. He will focus on expanding global banking and fintech partnerships, scaling banking, card, and global payment solutions for Interlace.
- Jeff Brunjes, Head of Global Operations: Mr. Brunjes combines deep institutional finance expertise with strategic innovation. He will focus on streamlining client experiences and building trust through operational excellence, leveraging his background in investment banking operations and private wealth advisory.
- Mark Homeier, Head of Marketing and Business Development: With over two decades of experience in fintech, blockchain, marketing, and business development, Mr. Homeier specializes in global growth strategies for innovative financial platforms. He will focus on creating efficient and cost-effective money management solutions and enhancing Web3 usability.
- JP Eaglin, Creative Director and Strategic Partnerships: Mr. Eaglin brings over 25 years of experience developing and launching brands in the US, Latin America, and Asia. Joining Interlace with his creative agency, Vanguard42, he will oversee the rebrand and spearhead global marketing efforts, further enhancing Interlace's business development rollout.
"We are thrilled to welcome Mark, Jeff, Rob, and JP to our leadership team," said Michael Wu, Founder and CEO of Interlace. "Their combined expertise and vision perfectly align with our mission to revolutionize global financial solutions. This expansion of our team, coupled with the new funding, positions us to accelerate our global growth and enhance our services for clients worldwide."
Addressing the Need for Unified Money Management
Interlace provides a unified platform for managing all money, offering fast multi-currency transfers, streamlined administrative tasks, and maximized spending power. With support for over 40 currencies and 180+ countries/regions, Interlace empowers businesses to seize global opportunities and reduce transfer fees significantly. The platform offers a complete set of banking components, including FDIC-insured accounts, crypto or fiat-backed card solutions, and a 5.32% yield treasury, catering to a wide range of use cases.
Investor Confidence and Future Outlook
Alfred Shang, Founding Partner at Bitrock Capital, expressed confidence in Interlace's potential: "The Bitrock team is impressed with Interlace’s technological and product capabilities. In just a few years, they have developed effective and compliant solutions to help cross-border merchants make and receive payments. We believe Interlace is uniquely positioned to capture significant opportunities in the global payment markets with its robust fintech capabilities and driven management team."
Founded in 2019, Interlace has already issued over 4.5 million cards, partnered with over 100 integrated partners, and processes over 60 million transactions annually. The company holds the highest security certification in the international card payment industry, PCI-DSS Level 1, and is licensed in the United States, Hong Kong, and Lithuania. With this new funding and strengthened leadership, Interlace is poised to further disrupt the global financial landscape and empower businesses worldwide.
About Interlace:
Interlace is a Singapore-based global card issuance and digital asset management platform providing efficient and cost-effective cross-border, cross-currency, and cross-system financial solutions. Serving Web3, cross-border e-commerce, B2B trade, developers, and more, Interlace operates in strict compliance with global regulations. The company holds PCI-DSS Level 1 certification and is licensed in the United States, Hong Kong, and Lithuania.
About Bitrock Capital:
Bitrock Capital is a venture capital firm focused on investing in early-stage technology companies. They have a strong track record of supporting innovative businesses in the fintech and blockchain space. Their investment in Interlace reflects their confidence in the company’s vision and potential for growth.
Compiled by CMO Intern team
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