Infinant Secures $15 Million in Series A Funding from FINTOP Capital

Infinant, a bank platform provider based in Charlotte, North Carolina, has successfully raised $15 million in Series A funding. FINTOP Capital and JAM FINTOP BankTech led the round, with additional participation from Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers. This funding comes as Infinant experiences notable growth, driven by the banking industry's increasing need to launch new growth channels like embedded finance and digital brands. Infinant's cloud-based platform, Interlace, enables banks to operate and scale digital and embedded programs independently, maintaining control over operations and compliance. This approach offers a cost-efficient model by removing reliance on traditional core systems. The aim is to diversify deposit gathering and payment channels, and expand digital offerings without core system dependencies. The company plans to invest the raised capital in broadening product capabilities, including Interlace Console, Settlement Ops, Payments Hub, and Card Platform for various banking services. The funding reflects a market shift towards embedded banking and banking-as-a-service business models, supported by the evolving regulatory landscape requiring banks to oversee customer accounts actively. Infinant's solutions are positioned as crucial tools in this transformation, paving the way for responsible financial growth.