SINGAPORE, Dec. 4, 2024 /PRNewswire/ -- Interlace, a global card issuance and digital asset management platform based in Singapore, announced today that it has raised $10 million in its Series B1 funding round. The round was led by Bitrock Capital, with participation from prominent individual investors in the fintech industry, including early employees and senior managers from leading companies such as Klarna and Robinhood.
To date, Interlace has issued over 4.5 million cards, partnered with 100+ integrated partners, and processes over 60 million transactions annually. The new funding will support Interlace's continued global expansion into key markets such as Asia-Pacific (APAC), the United States, and the United Kingdom. A significant portion of the investment will be allocated to building an international team, enhancing the company's ability to serve a diverse and global client base.
To drive this ambitious expansion, Interlace is pleased to announce the addition of four seasoned executives to its leadership team:
"We are thrilled to welcome Mark, Jeff, Rob, and JP to our leadership team," said Michael Wu, Founder and CEO at Interlace. "Their combined expertise and vision align perfectly with our mission to revolutionize global financial solutions. This expansion of our team, along with the new funding, positions us to accelerate our global growth and enhance our services for clients worldwide."
Bitrock Capital expressed strong confidence in Interlace's vision and capabilities.
"The Bitrock team is really impressed with Interlace's technological and product capabilities. In only a couple years they have developed effective and compliant solutions to help cross border merchants make and receive payments," said Alfred Shang, Founding partner at Bitrock Capital. "We think Interlace is uniquely positioned to capture the significant opportunities in the global payment markets with its young and eager management team and robust fintech capabilities. Bitrock will continue to support Interlace's strategic and business development to create exceptional value for exporters and merchants as they navigate the challenging global trade and finance markets."
Founded in 2019, Interlace delivers the most efficient and cost-effective cross-border, cross-currency, and cross-system financial solutions for Web3, cross-border e-commerce, B2B trade, developers, and more. Operating in strict compliance with global regulations, Interlace holds the highest security certification in the international card payment industry, PCI-DSS Level 1, and is licensed in the United States, Hong Kong, and Lithuania.
About Interlace
Interlace is an enterprise-level global card issuance and digital asset management company based in Singapore, dedicated to delivering efficient and cost-effective cross-border, cross-currency, and cross-system financial solutions. Serving sectors such as Web3, cross-border e-commerce, B2B trade, and software developers, Interlace operates in strict compliance with global regulations. The company holds the PCI-DSS Level 1 security certification and is licensed in the United States, Hong Kong, and Lithuania. Interlace is committed to innovating financial technology solutions that facilitate seamless global transactions and connectivity.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Interlace Secures $10 Million in Series B1 Funding, Expands Leadership Team to Accelerate Global Growth
HONOLULU, Dec. 5, 2024 /PRNewswire/ -- This holiday season, Lypid Kitchen, a new brand under Lypid, proudly unveiled its first retail-ready product, the 100% plant-based BBQ Pork Piggy Bao, at Disney's Moana 2 World Premiere in Oahu, Hawai'i. Guests, including the stars and filmmakers of the record-breaking Walt Disney Animation Studios feature, were among the first to savor this innovative and charming bao at the exclusive event, celebrating a shared love for creativity and sustainability.
Reimagining Asian Comfort Foods with a Modern, Guilt-Free Twist
Lypid Kitchen specializes in bringing beloved Asian comfort foods to life with a healthier, plant-based approach. The 100% plant-based BBQ Pork Piggy Bao combines the sweet and savory essence of traditional char siu bao with a modern, guilt-free twist.
Made with Lypid's healthy fat, the Piggy Bao captures the juicy, tender flavors of classic BBQ pork while being completely free from cholesterol and saturated fat. Each bao is handmade with care, using premium ingredients that honor tradition and promote sustainability.
"We are thrilled to collaborate with Disney for the Moana 2 World Premiere, a celebration of connection and harmony that aligns perfectly with our mission," said Jen-Yu Huang, Co-Founder of Lypid. "At Lypid Kitchen, we're reimagining favorite Asian comfort foods to offer authentic flavors that everyone can enjoy, while also caring for the planet."
A Show-Stopping Debut
The Moana 2 World Premiere provided the perfect stage for Lypid Kitchen's Piggy Bao to shine. Guests thoroughly enjoyed the sweet and juicy dim sum, with many snapping photos of the baos' adorable design and sharing their excitement at the event.
Now Available for Pre-Order
Following its successful debut, the handmade BBQ Pork Piggy Bao is now available for pre-order at www.LypidKitchen.com. All pre-orders will begin shipping on December 9, 2024, bringing the magic of plant-based dim sum to tables everywhere. More excitingly, the Piggy Bao will also be available in select retail stores starting from February 2025, making it easier than ever to enjoy these delightful treats wherever you shop. Lypid Kitchen invites everyone to experience the joy of these adorable and sustainable baos, designed to inspire healthier and more conscious eating habits.
Stay connected for updates and exclusive content by following Lypid Kitchen on Instagram at @lypidkitchen.
About Lypid
Lypid, the parent company of Lypid Kitchen, is a California-based food tech company pioneering innovations in healthy fat solutions. Its flagship technology, PhytoFat, replicates the taste and texture of animal fats while being 100% plant-based, cholesterol-free, and low in saturated fat. In 2023, Lypid's PhytoFat won the "Ingredient Innovation" award at FoodBev Media's World Food Innovation Awards.
Lypid's plant-based products are served in over 500 locations worldwide, including IKEA, Louisa Coffee, and EVA Air. For more information, visit www.lypid.co.
About the Film
In Walt Disney Animation Studios' "Moana 2," Moana must journey to the far seas of Oceania and into dangerous, long-lost waters for an adventure unlike anything she's ever faced. The voice cast includes HualÄlai Chung, Rose Matafeo, David Fane, Awhimai Fraser, Khaleesi Lambert-Tsuda, Temuera Morrison, Nicole Scherzinger, Rachel House, Gerald Faitala Ramsey. Directed by David G. Derrick Jr., Jason Hand and Dana Ledoux Miller, and produced by Christina Chen and Yvett Merino, "Moana 2" features music by Grammy® winners Abigail Barlow and Emily Bear, Grammy nominee Opetaia Foa'i, and three-time Grammy winner Mark Mancina. Jared Bush and Miller wrote the screenplay for the film, which is executive produced by Jennifer Lee, Bush and Johnson. "Moana 2" is now playing in theaters worldwide.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Lypid Partners with Disney to Debut Adorable Plant-Based BBQ Pork Piggy Bao at Moana 2 World Premiere
Lypid Partners with Disney to Debut Adorable Plant-Based BBQ Pork Piggy Bao at Moana 2 World Premiere
