InterLINK
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InterLINK - overview
Established
2011
Location
New York, NY, US
Primary Industry
Software
About
Founded in 2011 and based in New York, US, StoneCastle Insured Sweep, LLC, dba InterLINK, which is a subsidiary of StoneCastle Partners, LLC, operates as a provider of cash management solutions to the financial industry. In December 2022, Webster Bank agreed to acquire InterLINK. The deal is expected to close in the first quarter of 2023. As of 2022, the company administers approximately 520,000 retail brokerage accounts on behalf of multiple dealers and clearing platforms.
The company offers a technology-enabled deposit management platform that manages deposits from FDIC-insured cash sweep services between banks, broker-dealers, and clearing firms, as well as allowing users to offer a cash solution that outperforms money market funds. The firm’s platform manages the ledgering, execution, and reconciliation of cash transactions.
Current Investors
Webster Bank
Primary Industry
Software
Sub Industries
e-Financial, Application Integration Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.interlinksweep.com
Verticals
FinTech
Total Amount Raised
Subscriber access only
InterLINK - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | InterLINK | - |
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