Finix Raises an Additional $30 Million in Series B  

by Kay Aloha Villamor in August 11th, 2022

Finix, a San Francisco, California-based payments technology company for software platforms, announced that it raised $30 million an extension of its Series B round and about 18 months after it raised a $3 million SPV led by LatinX and Black investors, bringing the company's total funding to $133 million.

New and existing backers The General Partnership (TheGP), Franklin Templeton, Acrew Capital, American Express Ventures, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, and Vamos Ventures participated in the company’s latest round.

Over the next few months, Finix plan to announce more features to help its customers better manage payments and merchants on their platforms. Stay tuned!

Company: Finix Payments, Inc.

Raised: $30.0M

Round: Series B ext.

Funding Month: Aug 2022

Lead Investors: 

Additional Investors: The General Partnership (TheGP), Franklin Templeton, Acrew Capital, American Express Ventures, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, and Vamos Ventures

Company Website: https://www.finix.com/

Software Category: Payment Processing for Software Platforms

About the Company: Finix provides payments technology to software platforms such as Lightspeed POS Inc., Passport, and Kabbage from American Express. Finix makes it easy for software platforms of all sizes to process payments while increasing revenue and reducing cost. Finix's mission is to create the most accessible financial services ecosystem in history, starting with payments. Leading SaaS, marketplace, and e-commerce platforms (i.e. providers serving restaurants, yoga studios, small retailers, etc) use Finix’s API and dashboard to accept payments quickly, eliminate manual workflows, delight customers, and grow revenue fast. Finix's mission is to create the most accessible financial services ecosystem in history. Headquartered in San Francisco, with an additional office in Chicago. 

Source: https://www.finix.com/resources/blogs/finix-raises-30M-to-become-payments-provider-for-software-platforms https://techcrunch.com/2022/08/10/finix-raises-30-million-as-fintechs-spotlight-picks-its-sides/




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