Interlace's $10 Million Funding Round Fuels Innovative Growth

Interlace Raises $10 Million in Series B1 Funding

Interlace, a pioneering card issuance and digital asset management platform, has successfully raised $10 million in its Series B1 funding round. The funding was spearheaded by Bitrock Capital, alongside contributions from distinguished individual investors within the fintech sector. These include early employees and senior leaders from renowned organizations such as Klarna and Robinhood.

Expanding Global Presence

This recent capital injection will enable Interlace to intensify its global expansion efforts, focusing on crucial markets including Asia-Pacific, the United States, and the United Kingdom. Currently, the company has issued over 4.5 million cards and collaborates with more than 100 integrated partners, managing over 60 million transactions annually. A substantial portion of this investment will be directed towards strengthening their international workforce, thereby enhancing Interlace’s capability to cater to a diverse global clientele.

New Leadership Team Members

To facilitate this ambitious growth trajectory, Interlace is excited to announce the recruitment of four highly skilled executives for its leadership team:

• Rob Vanden Broeke – Head of Global Financial Partners: Rob brings a wealth of experience in fintech, payments, and technology. He has a strong track record in integrated partnerships, Banking-as-a-Service, and global payment solutions for various sectors. At Interlace, his focus will be on fostering global banking and fintech partnerships, enhancing banking, card, and payment solutions.
• Jeff Brunjes – Head of Global Operations: With a solid background in institutional finance, Jeff's insights into client experience optimization will help build trust at Interlace through operational excellence. His experience encompasses investment banking and converting traditional financial methods into digital asset opportunities.
• Mark Homeier – Head of Marketing and Business Development: Mark brings over 20 years of valuable experience in fintech and marketing. He will concentrate on implementing cost-effective financial management solutions and improving Web3 usability, all while fostering sustainable market growth.
• JP Eaglin – Creative Director and Strategic Partnerships: With an extensive background spanning 25 years, JP has led brand development in the US and Latin America. His role at Interlace includes overseeing the rebranding and driving global marketing initiatives.

Commitment to Growth and Innovation

Michael Wu, the Founder and CEO of Interlace, expressed enthusiasm regarding the new appointments: "We are overjoyed to welcome Mark, Jeff, Rob, and JP to our leadership team. Their expertise aligns seamlessly with our objective to innovate global financial solutions, enhancing our offerings for clients across the world."

Bitrock Capital has shown strong assurance in Interlace's vision, as highlighted by Alfred Shang, Founding Partner of Bitrock Capital: "The Bitrock team is extremely impressed with Interlace's product capabilities. They have developed compliant solutions facilitating cross-border payment for merchants. Interlace is ideally positioned to seize considerable opportunities in global payment markets."

Company Overview and Compliance

Interlace, founded in 2019, provides efficient financial solutions that span cross-border, cross-currency, and cross-system functionalities for sectors including Web3, B2B trade, and developers. The company operates under the highest security standards in international card payments, holding the PCI-DSS Level 1 security certification while being licensed in the United States, Hong Kong, and Lithuania.

About Interlace

Interlace is a leading global card issuance and digital asset management firm operating from Singapore. The company aims to deliver efficient cross-border financial solutions, catering comprehensively to Web3, e-commerce, B2B trade, and developer communities, all while maintaining stringent compliance with international regulations.

Frequently Asked Questions

What is the recent funding amount raised by Interlace?

Interlace raised a total of $10 million in its Series B1 funding round.

Who led the funding round for Interlace?

The funding round was led by Bitrock Capital, along with contributions from respected fintech industry investors.

How many cards has Interlace issued to date?

Interlace has issued over 4.5 million cards since its inception.

What are some key markets for Interlace's expansion?

Interlace plans to expand into significant markets such as Asia-Pacific, the United States, and the United Kingdom.

What is the primary focus of Interlace's new leadership team?

The new leadership team aims to advance global financial solutions, streamline client experiences, and develop innovative financial products.

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