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Finix Raises An Additional $30M To Become The Payments Provider Of Choice For Software Platforms

PRIVATEAug 10, 2022

Amount Raised

$30 Million

Round Type

Funding Round

San FranciscoFinancial ServicesSoftwarePaymentsFintech

Description

Finix, the payments technology company for software platforms, announced today that it has raised $30M in fresh capital, bringing the company's total funding to $133M. Finix raised at an increased valuation despite the more challenging economic environment this year. New and existing investors, including The General Partnership (TheGP), Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, Vamos Ventures, and more participated in the round.

Quick answer

Finix raised $30 Million in a Funding Round round, dated August 10, 2022. Finix is based in San Francisco, California, United States.

How much did Finix raise?
Finix raised $30 Million in a Funding Round round on August 10, 2022.
What does Finix do?
Here's a summary of what the company has accomplished recently:Became a registered payment facilitator to support software platforms of all sizes—from $0 to over $1B+ in total payments volumeExpanded its suite of..
Where is Finix based and how big is it?
Finix is based in San Francisco, California, United States. Fundz records about 51 employees.
Who are the decision-makers at Finix?
Fundz holds 3 contacts at Finix, including the People Operations Partner. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Payments around the same time

Companies in the same sectors as Finix that raised within 45 days of this round, from Fundz verified event records.

  • AccessFintech raised $60M (Series C) on September 22, 2022.
  • Brightflow AI raised $15M (Series A) on September 21, 2022.
  • Tres raised $7.6M (Funding Round) on September 20, 2022.
  • Denim raised $126M on September 15, 2022.
  • Ratio raised $411M (Funding Round) on September 15, 2022.
  • Forward raised an undisclosed amount (Funding Round) on September 12, 2022.

Who to call at Finix, and when

A new round usually means Finix is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Finix raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Finix, from your own LinkedIn network

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Company Information

Company

Finix

Location

San Francisco, California, United States

About

Here's a summary of what the company has accomplished recently:Became a registered payment facilitator to support software platforms of all sizes—from $0 to over $1B+ in total payments volumeExpanded its suite of in-person payment devices and capabilitiesLaunched many features that help software platforms manage payment operations while increasing revenue and decreasing costsPowered billions of dollars in total annual payments volume on its platformDoubled total annual payments volume from 2020 to 2021Grew to support over 12,000 active sub-merchants each monthHandled billions of API calls with 99.999% uptimeTo put this in perspective, if you compared Finix to Nilson's 2021 list of top US merchant acquirers, the company would rank in the top 50 based on total payments volume and merchant count. Finix provides payments technology to software platforms such as Lightspeed POS Inc., Passport, and Kabbage from American Express. Finix is a leading example of the type of state-of-the-art payments infrastructure provider that makes this embedded experience possible. Finix is dedicated to becoming the payments provider of choice for software platforms and is well on its way, with Q2 2022 being the company's best quarter ever in terms of new deals closed. Headquartered in San Francisco, with an additional office in Chicago, Finix is a privately held company with funding from American Express Ventures, Bain Capital Ventures, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Sequoia Capital, Visa, and others.

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Related People

3 contacts
Verified contactsClaire V., People Operations Partner hidden hidden hiddenSee plans and pricing
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ML-powered predictions for Finix's next move

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Finix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.