San Francisco-based payment platform Finix Inc. has raised $75 million in Series C funding, with co-investment led by Acrew Capital, Leap Global, and Lightspeed Venture Partners to enhance transaction processing capabilities for merchants and drive global digital payments growth.
The Finix payment platform, used by merchants across various industries, processes over 400 million daily transactions, offering a seamless, no-code configuration ideal for businesses without dedicated tech teams. This flexibility enables companies to embed customizable checkout pages directly on their websites, allowing customers to pay via multiple methods, including credit cards, bank transfers, and digital wallets like Apple Pay.
With its user-friendly interface, Finix’s payment platform brings an edge to merchants by streamlining payment processing without requiring coding skills. Additionally, businesses can create tailored payment links for direct customer purchases, even without an online store.
Enhanced Features for Retail and Marketplace Operators
Finix not only simplifies digital payments but also enhances in-store transaction capabilities. Retailers gain access to physical payment terminals connected to Finix’s cloud-based management dashboard, making it easy to track and control payments from one platform. Finix provides specialized tools for marketplaces to manage third-party sales and apply platform fees seamlessly, addressing unique marketplace needs.
Finix addresses critical security needs through tokenization, safeguarding sensitive customer data like credit card numbers. The payment platform accelerates review processes for transaction cancellations and enables merchants to track real-time revenue.
“Finix offers no-code payment solutions for the 22 million businesses without developers, enabling seamless payment integrations with little to no technical expertise. Even businesses with developers don’t want to spend their time or resources on payments,” said co-founder and Chief Executive Officer Richie Serna.
Ambitious Expansion Plans and Quadrupled Revenue
Finix’s CEO and co-founder, Richie Serna, disclosed the company’s rapid growth trajectory, with revenue having quadrupled over the past year. Finix will leverage the Series C funds to expand its team and enter new international markets to further boost its market presence. Notable investors in this round include Citigroup Ventures, Tribeca Venture Partners, and existing backers such as Homebrew and Insight Partners.
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