SINGAPORE, Dec. 4, 2024 /PRNewswire, Chainwire/ — Interlace, a worldwide card issuance and digital asset administration platform primarily based in Singapore, introduced right this moment that it has raised $10 million in its Collection B1 funding spherical. The spherical was led by Bitrock Capital, with participation from outstanding particular person buyers within the fintech business, together with early staff and senior managers from main firms equivalent to Klarna and Robinhood.
Thus far, 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 assist Interlace’s continued international growth into key markets equivalent to Asia-Pacific (APAC), the US, and the UK. A good portion of the funding can be allotted to constructing a global staff, 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 staff:
Rob Vanden Broeke – Head of International 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 cost options throughout varied industries. At Interlace, Rob will deal with increasing international banking and fintech partnerships, scaling banking, card, and international cost 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 International Operations: Combining deep institutional finance experience with strategic innovation, Jeff advances Interlace’s international mission by streamlining shopper experiences and constructing belief via 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 method positions Interlace as a trusted companion for companies navigating the way forward for monetary providers.Mark Homeier – Head of Advertising and Enterprise Growth: Mark brings over 20 years of expertise in fintech, blockchain, advertising and marketing, and enterprise improvement. Specializing in international progress 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 can be instrumental in navigating technology-driven markets and fostering sustainable improvement.JP Eaglin – Inventive Director and Strategic Partnerships: With over 25 years of expertise growing and launching manufacturers within the US, Latin America, and Asia, JP joins Interlace together with his artistic company, Vanguard42. As Inventive Director, he’ll oversee the rebrand and spearhead international advertising and marketing efforts. JP’s position in strategic partnerships will additional improve Interlace’s enterprise improvement rollout, strengthening the corporate’s worldwide presence.
“We’re thrilled to welcome Mark, Jeff, Rob, and JP to our management staff,” mentioned 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 staff, together with the brand new funding, positions us to speed up our international progress and improve our providers for shoppers worldwide.”
Bitrock Capital expressed robust confidence in Interlace’s imaginative and prescient and capabilities.
“The Bitrock staff is admittedly 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,” mentioned Alfred Shang, Founding companion at Bitrock Capital. “We predict Interlace is uniquely positioned to seize the numerous alternatives within the international cost markets with its younger and keen administration staff and strong fintech capabilities. Bitrock will proceed to assist Interlace’s strategic and enterprise improvement to create distinctive worth for exporters and retailers as they navigate the difficult international commerce and finance markets.”
Based in 2019, Interlace delivers probably 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 rules, Interlace holds the best safety certification within the worldwide card cost business, PCI-DSS Stage 1, and is licensed in the US, 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 equivalent to Web3, cross-border e-commerce, B2B commerce, and software program builders, Interlace operates in strict compliance with international rules. The corporate holds the PCI-DSS Stage 1 safety certification and is licensed in the US, Hong Kong, and Lithuania. Interlace is dedicated to innovating monetary expertise options that facilitate seamless international transactions and connectivity.
