New and existing investors including The General Partnership (TheGP), American Express Ventures, Acrew Capital, Bain Capital Ventures, Franklin Templeton, Homebrew, Insight Partners, Inspired Capital, PSP Growth, Vamos Ventures, Lightspeed Venture Partners, and Precursor Ventures, also participated in this round.
San Francisco-based Finix was founded in 2015 by Richie Serna, It provides payment technology to the software platforms.
Read also – Skillsoft Partners with Coursera
Leading SaaS, marketplace and e-commerce platforms can use their APIs and dashboards to quickly accept payments, eliminate manual workflow, delight customers and generate revenue.
The platform said it plans to announce new features over the next few months to help software platforms manage their payments and merchants.
“The payments space is surprisingly young—only nine percent of payments are digital today. And if the last two years have taught us anything, businesses with modular and configurable payments technology are best equipped to benefit from commerce moving online. TheGP invested in Finix because we believe they are the only payments provider that offers software platforms the flexibility needed to succeed as they scale”, said Dan Portillo, co-founder and managing partner at TheGP.
Matt Harris, Finix’s board member and Managing Director at Bain Capital Ventures, said, “The next generation of fintech is all about businesses embedding financial services when and where their customers need them most. Finix is a leading example of the type of state-of-the-art payments infrastructure provider that makes this embedded experience possible. BCV is proud to continue to support its growth.”
Finix is trusted by startups and publicly traded companies alike to build and scale their payments infrastructure. Headquartered in San Francisco, Finix is a privately held company with funding from American Express Ventures, Bain Capital Ventures, Homebrew, Inspired Capital, Lightspeed Venture Partners, Sequoia Capital, Visa, and more.
From startups to publicly traded companies, Finix offers everything software platforms need to build a world-class payments experience. 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 has raised over $100M from American Express Ventures, Bain Capital Ventures, Homebrew, Inspired Capital, Lightspeed Venture Partners, Sequoia Capital, Visa, and others.