SINGAPORE, Dec. 4, 2024 /PRNewswire, Chainwire/ — Interlace, a worldwide card issuance and digital asset administration platform primarily based in Singapore, introduced as we speak that it has raised $10 million in its Collection B1 funding spherical. The spherical was led by Bitrock Capital, with participation from distinguished particular person buyers within the fintech business, together with early staff and senior managers from main corporations corresponding to Klarna and Robinhood.
Up to now, 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 world growth into key markets corresponding to Asia-Pacific (APAC), the US, and the UK. A good portion of the funding shall be allotted to constructing a world group, enhancing the corporate’s capability to serve a various and world shopper base.
To drive this bold growth, Interlace is happy to announce the addition of 4 seasoned executives to its management group:
Rob Vanden Broeke – Head of International Monetary Companions: Rob is an completed government in fintech, funds, and know-how, with a powerful background in built-in partnerships, Banking-as-a-Service (BaaS), and world cost options throughout numerous industries. At Interlace, Rob will give attention to increasing world banking and fintech partnerships, scaling banking, card, and world cost options. His efforts will drive strategic partnerships and revolutionary monetary merchandise to broaden entry to monetary providers for B2B and B2C purchasers worldwide.Jeff Brunjes – Head of International Operations: Combining deep institutional finance experience with strategic innovation, Jeff advances Interlace’s world 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 singular understanding of conventional monetary processes and rising digital asset alternatives. Jeff’s balanced strategy positions Interlace as a trusted associate 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 world development methods for revolutionary 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 shall 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 world advertising and marketing efforts. JP’s function 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 group,” mentioned Michael Wu, Founder and CEO at Interlace. “Their mixed experience and imaginative and prescient align completely with our mission to revolutionize world monetary options. This growth of our group, together with the brand new funding, positions us to speed up our world development and improve our providers for purchasers worldwide.”
Bitrock Capital expressed sturdy confidence in Interlace’s imaginative and prescient and capabilities.
“The Bitrock group 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 associate at Bitrock Capital. “We expect Interlace is uniquely positioned to seize the numerous alternatives within the world cost markets with its younger and keen administration group and strong fintech capabilities. Bitrock will proceed to help Interlace’s strategic and enterprise improvement to create distinctive worth for exporters and retailers as they navigate the difficult world 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 world laws, Interlace holds the best safety certification within the worldwide card cost business, PCI-DSS Degree 1, and is licensed in the US, Hong Kong, and Lithuania.
About Interlace
Interlace is an enterprise-level world 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 corresponding to Web3, cross-border e-commerce, B2B commerce, and software program builders, Interlace operates in strict compliance with world laws. The corporate holds the PCI-DSS Degree 1 safety certification and is licensed in the US, Hong Kong, and Lithuania. Interlace is dedicated to innovating monetary know-how options that facilitate seamless world transactions and connectivity.
