Infinant’s $15m Series A fuels growth in bank-controlled digital platforms

January 2, 2025

Charlotte, N.C.-based Infinant, a bank platform provider specialising in digital and embedded banking solutions, has successfully raised $15m in a Series A funding round.

The round was led by FINTOP Capital and its partner JAM FINTOP BankTech. Additional participants included Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers.

Infinant provides a cloud-based platform, Interlace, which enables banks to independently launch and manage their digital and embedded finance programs. Unlike traditional core banking systems or outsourced solutions, Interlace gives banks complete operational and regulatory control over their programs. This empowers institutions to maintain oversight of their ledger, operations, and compliance at a significantly lower cost.

The funding will be used to enhance Infinant’s product offerings, including its Interlace Console for customer and account management, Settlement Ops for ledger and reconciliation, Payments Hub for centralised ACH, Wire, and FedNow payments, and its Card Platform for card issuance and processing with Visa DPS.

Infinant’s CEO Riaz Syed, said, “Financial institutions are realizing significant and responsible growth by diversifying their deposit gathering and payment channels by decoupling from the core and distributing their products across new platforms.

“FINTOP’s and JAM FINTOP’s partnership is a strong market indicator of the solution fit for Infinant in the market and will allow us to continue to grow to meet the needs of financial institutions.”

FINTOP Capital partner John Philpott highlighted the growing demand for platforms like Infinant’s, stating, “Since our initial investment, we have seen a dramatic shift in the market and the approach to embedded banking and banking-as-a-service which has confirmed the growth opportunity of these business models along with a regulatory requirement for banks to maintain oversight of the customers, accounts and the ledger.

“Infinant is meeting this need to provide banks with a platform that allows them to scale their programs while aligning to the evolving regulatory landscape.”