Charlotte, North Carolina based Infinant, a leading bank platform provider specializing in digital and embedded banking solutions, has announced the successful completion of its $15 million Series A funding round. This milestone positions the company to further enhance its offerings and expand its presence in the evolving financial technology landscape.
The funding round was led by FINTOP Capital and its partner JAM FINTOP BankTech, with additional support from Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers. The strategic investment underscores the increasing demand for scalable, compliant platforms tailored to modern banking needs.
Infinant’s cloud-based platform, Interlace, empowers banks to independently manage digital and embedded finance programs without relying on traditional core systems or outsourced providers. Interlace provides operational and regulatory control over banking functions, enabling institutions to oversee ledgers, operations, and compliance at significantly lower costs.
CEO Riaz Syed highlighted the transformative potential of Infinant’s solutions:
“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. This investment is a testament to our platform’s ability to address these needs and support banks in scaling responsibly.”
The funding will support the development of key product enhancements, including:
- Interlace Console: Streamlined customer and account management.
- Settlement Ops: Advanced ledger and reconciliation features.
- Payments Hub: Centralized ACH, Wire, and FedNow payment processing.
- Card Platform: Comprehensive card issuance and processing capabilities with Visa DPS.
John Philpott, Partner at FINTOP Capital, emphasized the market shift toward platforms like Infinant’s:
“With the growing importance of embedded banking and banking-as-a-service, Infinant is uniquely positioned to meet regulatory demands while enabling banks to scale their operations. The platform’s ability to align with the evolving regulatory landscape makes it a key player in the industry.”
As Infinant continues to innovate, the company remains committed to providing financial institutions with robust tools to diversify and modernize their offerings. With the backing of its investors, Infinant is set to reshape the future of digital and embedded banking.
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