Interlace Secures $10 Million to Propel Global Growth

Interlace, a fintech firm based in Singapore that specializes in card issuance and the management of digital assets, has raised $10 million during its Series B funding round. This round was led by Bitrock Capital, featuring prominent investors including former executives from Klarna and Robinhood. The investment will enable Interlace to extend its operations into key markets like the U.S., U.K., and the Asia-Pacific region. Growth on a Global Scale and Leadership Advancement

Interlace has celebrated remarkable achievements, having issued more than 4.5 million cards and forged partnerships with over 100 integrated partners, while processing upwards of 60 million transactions annually. The additional funding will be directed towards expanding the firm's footprint in critical global markets and enhancing its team to better cater to a diverse and expanding clientele.

To facilitate this growth, the company recently welcomed four new leaders: Rob Vanden Broeke as Head of Global Financial Partners, Jeff Brunjes as Head of Global Operations, Mark Homeier as Head of Marketing and Business Development, and JP Eaglin as Creative Director and Strategic Partnerships. Each appointee brings a wealth of experience vital for steering the company through its next chapter of growth.

Bitrock Capital's Confidence in Interlace

Bitrock Capital, the leading investor in this Series B1 round, has expressed strong belief in Interlace's technological advancements and development potential. Founding Partner Alfred Shang highlighted the company's rapid establishment of compliant cross-border payment solutions, as well as its capability to assist merchants in handling international transactions effectively.

Shang also praised Interlace's promising future, indicating that the firm is strategically positioned to leverage significant opportunities within the global payments landscape due to its cutting-edge fintech solutions and energetic management team.

Shang affirmed their belief that Interlace stands out in the global payment markets, thanks to its dynamic management team and powerful fintech capabilities. Bitrock Capital has committed to supporting Interlace's strategic growth and business development, which will enable the company to provide substantial value to exporters and merchants navigating international trade challenges.

Interlace's Role in the Global Fintech Arena

Founded in 2019, Interlace has quickly emerged as a significant player in the fintech sector, delivering effective and economical solutions for financial needs that span borders, currencies, and systems. The company caters to a broad range of industries, including Web3 platforms, cross-border e-commerce, and B2B transactions.

Interlace complies with the highest security standards, achieving PCI-DSS Level 1 certification, the most rigorous security credential in the global card payment sector. Additionally, the company holds licenses in the United States, Hong Kong, and Lithuania, enabling it to deliver secure and compliant services in these regions and beyond. These certifications and regulatory approvals are essential as the firm aims to introduce its services in new markets, establishing a solid foundation for future achievements.

With the successful closure of its Series B1 funding round, the introduction of new leadership roles, and a significant focus on international growth, Interlace is poised to continue its rapid rise. The ability to provide secure, efficient, and innovative financial solutions will be crucial to its success as the landscape of global financial services evolves.

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