SINGAPORE, Dec. 4, 2024 /PRNewswire, Chainwire/ — Interlace, a world card issuance and digital asset administration platform primarily based in Singapore, introduced right this moment that it has raised $10 million in its Sequence B1 funding spherical. The spherical was led by Bitrock Capital, with participation from outstanding particular person traders within the fintech business, together with early workers and senior managers from main corporations reminiscent of Klarna and Robinhood.
To this point, Interlace has issued over 4.5 million playing cards, partnered with 100+ built-in companions, and processes over 60 million transactions yearly. The brand new funding will help Interlace’s continued international growth into key markets reminiscent of Asia-Pacific (APAC), the USA, and the UK. A good portion of the funding will likely be allotted to constructing a global crew, enhancing the corporate’s skill to serve a various and international shopper base.
To drive this bold growth, Interlace is happy to announce the addition of 4 seasoned executives to its management crew:
Rob Vanden Broeke – Head of World Monetary Companions: Rob is an completed government in fintech, funds, and expertise, with a powerful background in built-in partnerships, Banking-as-a-Service (BaaS), and international fee options throughout varied industries. At Interlace, Rob will give attention to increasing international banking and fintech partnerships, scaling banking, card, and international fee options. His efforts will drive strategic partnerships and modern monetary merchandise to broaden entry to monetary providers for B2B and B2C shoppers worldwide.Jeff Brunjes – Head of World Operations: Combining deep institutional finance experience with strategic innovation, Jeff advances Interlace’s international mission by streamlining shopper experiences and constructing belief by way of operational excellence. Drawing from his background in funding banking operations and personal wealth advisory, he brings a novel understanding of conventional monetary processes and rising digital asset alternatives. Jeff’s balanced strategy positions Interlace as a trusted companion for companies navigating the way forward for monetary providers.Mark Homeier – Head of Advertising and marketing and Enterprise Growth: Mark brings over twenty years of expertise in fintech, blockchain, advertising, and enterprise growth. Specializing in international development methods for modern monetary platforms, he focuses on creating environment friendly and cost-effective cash administration options. Mark’s experience in enhancing Web3 usability and integrating cryptocurrency applied sciences will likely be instrumental in navigating technology-driven markets and fostering sustainable growth.JP Eaglin – Inventive Director and Strategic Partnerships: With over 25 years of expertise creating and launching manufacturers within the US, Latin America, and Asia, JP joins Interlace along with his inventive company, Vanguard42. As Inventive Director, he’ll oversee the rebrand and spearhead international advertising efforts. JP’s function in strategic partnerships will additional improve Interlace’s enterprise growth rollout, strengthening the corporate’s worldwide presence.
“We’re thrilled to welcome Mark, Jeff, Rob, and JP to our management crew,” stated Michael Wu, Founder and CEO at Interlace. “Their mixed experience and imaginative and prescient align completely with our mission to revolutionize international monetary options. This growth of our crew, together with the brand new funding, positions us to speed up our international development and improve our providers for shoppers worldwide.”
Bitrock Capital expressed robust confidence in Interlace’s imaginative and prescient and capabilities.
“The Bitrock crew is de facto impressed with Interlace’s technological and product capabilities. In solely a pair years they’ve developed efficient and compliant options to assist cross border retailers make and obtain funds,” stated Alfred Shang, Founding companion at Bitrock Capital. “We expect Interlace is uniquely positioned to seize the numerous alternatives within the international fee markets with its younger and keen administration crew and strong fintech capabilities. Bitrock will proceed to help Interlace’s strategic and enterprise growth to create distinctive worth for exporters and retailers as they navigate the difficult international commerce and finance markets.”
Based in 2019, Interlace delivers essentially the most environment friendly and cost-effective cross-border, cross-currency, and cross-system monetary options for Web3, cross-border e-commerce, B2B commerce, builders, and extra. Working in strict compliance with international laws, Interlace holds the very best safety certification within the worldwide card fee business, PCI-DSS Degree 1, and is licensed in the USA, Hong Kong, and Lithuania.
About Interlace
Interlace is an enterprise-level international card issuance and digital asset administration firm primarily based in Singapore, devoted to delivering environment friendly and cost-effective cross-border, cross-currency, and cross-system monetary options. Serving sectors reminiscent of Web3, cross-border e-commerce, B2B commerce, and software program builders, Interlace operates in strict compliance with international laws. The corporate holds the PCI-DSS Degree 1 safety certification and is licensed in the USA, Hong Kong, and Lithuania. Interlace is dedicated to innovating monetary expertise options that facilitate seamless international transactions and connectivity.
