Interlace Raised $10 Million in Series B1 Funding to Boost Global Expansion and Leadership Team

Interlace's Strategic Move: $10 Million Series B1 Funding and Leadership Expansion

Interlace, a prominent player in the card issuance and digital asset management sector, has made waves in the fintech landscape with its recent announcement of $10 million in Series B1 funding. This investment, primarily led by Bitrock Capital, signals a strong vote of confidence in Interlace's innovative capabilities for cross-border financial solutions.

Founded in 2019 and based in Singapore, Interlace has quickly established itself by delivering efficient financial solutions that address the complexities of global payments, particularly in the realms of Web3, e-commerce, and B2B transactions. As a result of the new funding round, which included contributions from influential fintech figures, the company aims to enhance its operations and reach in key markets such as the Asia-Pacific region, the United States, and the United Kingdom.

In conjunction with this fresh capital, Interlace is also expanding its leadership team, bringing on four experienced executives to fuel its ambitious growth strategy:

1. Rob Vanden Broeke – Head of Global Financial Partners: Rob is a seasoned executive with extensive knowledge in fintech and payment solutions. His role at Interlace will involve strengthening global banking and fintech partnerships, aiming to broaden access for clients in both B2B and B2C sectors.
2. Jeff Brunjes – Head of Global Operations: With substantial experience in institutional finance and client relations, Jeff focuses on refining client experiences and fostering trust through operational excellence, drawing from his history in investment banking.
3. Mark Homeier – Head of Marketing and Business Development: Mark brings over two decades of expertise in fintech and marketing. His responsibilities will include developing growth strategies and enhancing the usability of Web3 while integrating cryptocurrency technologies.
4. JP Eaglin – Creative Director and Strategic Partnerships: With deep expertise in global brand development, JP will lead Interlace’s rebranding and marketing strategy while nurturing strategic partnerships to bolster the company's presence worldwide.

Michael Wu, the Founder and CEO of Interlace, expressed excitement about the new team members, noting their expertise aligns perfectly with the company's mission to innovate financial solutions and improve global access to financial services. The support from Bitrock Capital further affirms the company's vision, with the firm commending Interlace’s technological advancements and its compliance with international standards.

Interlace is recognized for its stringent adherence to regulations, holding PCI-DSS Level 1 certification, and is officially licensed in multiple jurisdictions, including the United States, Hong Kong, and Lithuania. This compliance demonstrates a commitment to security and trust, essential qualities in the modern fintech landscape.

As Interlace prepares to deploy its new funds, the leadership team's collective experience will be instrumental in navigating the evolving challenges of global finance. The company aims not just to grow its market share but also to redefine how cross-border transactions are managed, ensuring that merchants can seamlessly engage in international trade.

With a solid product foundation and a bolstered leadership team, Interlace is set to capture significant opportunities in the global payments space. As they embark on this next chapter of expansion, the fintech community eagerly anticipates the innovative solutions that will emerge from this dynamic company.