Finix Raises $30 Million in Venture Capital; Plans to Continue its Evolution towards Becoming a True Fintech Giant

Human beings, as we know, tend to boast a wide assortment of valuable components, and yet when it really comes down to it, nothing there is more significant than our tendency of growing on a consistent basis. You see, when an individual is able to get better under all possible circumstances, what eventually happens is that they end up realizing some big milestones along the way. This dynamic seems to be pretty evident in whatever we have achieved so far, with one notable testimony coming in the form of an idea called technology. The reason technology gets a special shoutout in such discussions is largely predicated upon the creation’s utterly unprecedented offerings. Nevertheless, it is, at the same time, also inspired by how those offerings were moulded in the real world setting. The latter element will, in fact, do a lot to establish a spectrum-wide presence for the creation, but even after it gets there, technology will continue to scale up the picture in one capacity or the other. The same pattern is now reinforced on the back of a recent funding.

Finix, a payment technology company, has successfully raised $30 million in new venture capital. The round, which takes the company’s total funding till date to $133 million, saw various participants, including 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. Founded in 2015, Finix actually started out as an API provider that helped businesses in processing their payments through a comprehensive yet flexible solution, but it has since expanded big time. As of today, the company has the complete setup to directly facilitate any payments. Beyond that, Finix has also whipped out a dedicated in-person payments’ product so to allow various businesses under its umbrella to accept credit card transactions, and therefore capture a much wider customer base than they would have done otherwise.

“We were building technology that would take a three-year in-house build by dozens of engineers, with tens of millions of dollars of technical R&D and investment, and taking that down to a number of months by getting developer-friendly APIs to start monetizing their payments. That was our biggest core offering. What we’ve done now is become the payments facilitator ourselves, so that we can not only provide the payments but also all the back-office requirements and compliance certifications,” said Richie Serna, CEO and Co-founder of Finix.

Talk about Finix’s stature in today’s market, the company is already a trusted partner for several industry leaders such as Lightspeed POS Inc., Passport, and Kabbage from American Express etc. This new raise should only get the stated list to become bigger and better moving forward.

 

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