Payments Infrastructure · New York
Interchecks
"More speed. More control. This is how money should move."
"More speed. More control. This is how money should move."
Somewhere a bettor hits "cash out" at 11:47 PM. They expect the money in their bank before the kettle boils. They do not think about ACH windows, card network rails, NSF risk, or the difference between RTP and a paper check. They think: where is my money. Multiply that by a few hundred thousand people on a busy weekend, and you have the unglamorous problem Interchecks was built to solve.
Interchecks is a payments company in the most literal sense - it moves money in and out of the apps you already use. It does not have a consumer brand you would recognize, and that is the point. When a sportsbook pays you out, when a payroll app advances your wages, when a neobank funds your account from your old one, there is a decent chance the dollars travel over rails that Interchecks built. The company sits in the boring, load-bearing middle of fintech, and it has quietly moved more than $50 billion through that middle.
Here is the inconvenient truth the industry would rather you forget: there is no single "send money" button. There is push-to-card, which is instant but card-network-bound. There is RTP, which is genuinely real-time but not everyone can reach it. There is ACH, which is cheap and slow. There is PayPal, Venmo, the digital check, and - yes, still - the paper check that arrives in an envelope like a postcard from 2004. Each has its own rules, costs, risks, and failure modes.
For a business that needs to pay or collect from thousands of people, stitching all of that together is a full engineering department's worth of misery. And the moment you add money coming in - funding an account from a bank - you inherit a new headache: NSF risk, the polite term for "the money you thought was there wasn't." The usual fix is a guaranteed Pay-by-Bank model that charges a premium to absorb that risk. The premium, conveniently, eats the savings that made Pay by Bank attractive in the first place.
In 2016, Dylan Massey left an analyst seat at Goldman Sachs - the sort of job people are supposed to want - to chase a problem most people find tedious. He co-founded Interchecks with Brandon White (CTO) and Robert Chevlin (Chief Product Officer). The wager was simple to state and hard to build: one platform that handles every way to move money, with risk management baked in rather than bolted on, and tax compliance handled so January is not a fire drill.
Their organizing principle has stayed consistent, and it is almost contrarian in a SaaS world obsessed with the one true template. "We don't believe in a one-size-fits-all solution," Massey says. A brokerage, a neobank, a sportsbook, and a paycheck-advance app do not share the same risk profile, and Interchecks decided not to pretend they did. Instead of a guaranteed model that simply moves liability around for a fee, the company leans on bank-data analysis, smart risk controls, and NACHA-compliant collections when a transaction fails - mitigating NSF risk without charging a premium for the privilege.
Interchecks Technologies, Inc. is incorporated, taking root in Brooklyn, New York with early ties to Boca Raton, Florida.
After a stint analyzing markets at Goldman Sachs, co-founder Dylan Massey steps into the operating CEO role.
Banking partner MVB Financial increases its stake, deepening the relationship behind the payment rails.
Co-led by Senator Investment Group and Standard Investments, with Bettor Capital, Commerce Ventures, Nuvei, and Shift4 Ventures joining - to accelerate instant payment infrastructure.
Interchecks pushes its non-guaranteed Pay-by-Bank model beyond gaming into brokerages, neobanks, subscriptions, insurance, and fund disbursement.
A reported $50 billion-plus has flowed across the platform at 99.99% uptime - roughly a decade after a Goldman analyst decided payouts were worth fixing.
Interchecks splits the world into two verbs - funding (money coming in) and payouts (money going out) - and handles both behind a single API or a no-code Payer Portal for teams without an engineering department to spare. Underneath sits the part competitors find dull and Interchecks finds essential: risk controls, compliance, and a 1099 tax layer that turns year-end reporting from a crisis into a checkbox.
Instant disbursements over Visa Direct, Mastercard, and the real-time payments network - the rails behind that 11:47 PM cash-out.
Account funding and bank deposits with smart NSF-risk mitigation and NACHA-compliant collections - no guaranteed-model premium.
The full spectrum, from same-day ACH to a literal paper check, so every recipient gets paid the way they prefer.
Integrate in code, or send and manage payments with zero engineering through the turnkey dashboard.
Tax reporting tied to payout flows, so January stops being a fire drill for finance teams.
Infrastructure earns trust the slow way - by not breaking. Interchecks points to a reported $50 billion-plus in transactions processed and 99.99% uptime, the kind of figures that matter most precisely when no one notices them. The customer roster reads like a tour of places people move money in a hurry: online gaming and sportsbooks, prediction markets, on-demand payroll, and digital banking.
Longer bar = faster settlement. The whole pitch: pick the right rail per recipient, all from one integration. Figures are illustrative, not a benchmark.
Among the brands associated with its rails: DraftKings, BetMGM, and FanDuel in gaming; FanDuel Predicts in prediction markets; ZayZoon in on-demand payroll; and Credit Karma Money in digital banking. The investor list behind the 2022 Series B is its own kind of proof - Senator Investment Group and Standard Investments co-led, joined by Bettor Capital, Commerce Ventures, Nuvei, and Shift4 Ventures.
Interchecks describes its goal plainly: simplify and enhance payments and 1099 compliance for organizations around the world. Strip the corporate phrasing and it comes down to a stubborn belief that speed, control, and safety should not be a menu of trade-offs you pay extra to escape. The flexibility is the strategy - meet each industry where its risk actually lives, instead of forcing everyone through the same template and calling it a product.
That philosophy is now carrying the company past its gaming roots. The non-guaranteed Pay-by-Bank model is moving into brokerages, neobanks, digital marketplaces, subscriptions, insurance, and fund disbursement - anywhere account-to-account speed and lower cost actually show up on a balance sheet.
The expectation that money arrives instantly is no longer a feature - it is the floor. Paychecks advance mid-cycle. Winnings settle before the game's highlights post. Accounts fund themselves in seconds from a bank three apps away. Every one of those moments is a small promise, and someone has to keep it on the rails underneath. That is the work, and it does not get easier as volume grows.
So return to that bettor at 11:47 PM, thumb hovering over "cash out." A decade ago the honest answer was "give it three to five business days." Today the money can land before the kettle boils, and the person who tapped the button will never know the name of the company that made it happen. Interchecks is fine with that. The whole job was to make the wait disappear - and to make you forget there was ever a wait at all.