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About Finix
Industries
Enterprise Software
Fintech
Company Size
201-500
Company Stage
Series C
Total Funding
$195M
Headquarters
San Francisco, California
Founded
2015
Overview
Finix simplifies payment processing for software platforms, enabling them to accept payments, manage payouts, and onboard merchants efficiently. Its main product is a developer-friendly API that allows different software applications to communicate, making it easy for clients like SaaS providers and e-commerce platforms to integrate payment solutions into their existing systems. Unlike many competitors, Finix focuses on streamlining the payment process, which reduces complexity and costs for its clients. The goal of Finix is to help businesses increase revenue from their payment operations while allowing them to concentrate on their core activities and growth.
Simplify's Take
What believers are saying
- Embedded finance trend aligns with Finix's API-driven approach.
- Rising demand for real-time payments benefits Finix's real-time interface.
- Global e-commerce growth increases need for Finix's payment solutions.
What critics are saying
- Competition from Stripe and Square pressures Finix's market share.
- Apex Group acquisition may disrupt Finix's business model.
- Technical challenges may affect adoption of Advanced Fraud Monitoring.
What makes Finix unique
- Finix offers a developer-friendly API for seamless payment integration.
- The platform provides real-time transaction tracking and modular architecture.
- Finix's Advanced Fraud Monitoring enhances security with AI-powered, no-code capabilities.
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Funding
Total Funding
$195M
Above
Industry Average
Funded Over
4 Rounds
Insight Partners
Lightspeed Venture PartnersIndustry standards
Benefits
Competitive compensation
Generous PTO
Flexible health plans
Coverage for dependents
Inclusive parental leave
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -10%2 year growth
↓ -10%By integrating Sift's AI-powered fraud platform with Finix's monitoring capabilities, the service is expected to deliver robust protection against fraudulent activities.
SAN FRANCISCO, Nov. 21, 2024 (GLOBE NEWSWIRE) - Finix, the full-stack payment processor enabling businesses to accept and send payments online and in-store, today unveiled Advanced Fraud Monitoring, a new no-code capability powered by Sift to help businesses better detect, monitor for, and prevent fraudulent transactions.
Finix, a full-stack payment processor enabling businesses to accept and send payments online and in-store, announced it has raised $75 million in Series C funding, led by Acrew Capital and co-led by Leap Global and Lightspeed Venture Partners, with participation from new investors Citi Ventures, Tribeca Venture Partners, and more.
Finix, a US-based payments infrastructure firm, has secured $75 million in a Series C funding round co-led by Acrew Capital, Leap Global and Lightspeed Venture Partners.
Counter-Stripe: One year after becoming a payment processor, fintech startup Finix raised a $75 million Series C round of funding that will help it grow in the U.S. and expand into more countries.
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About Finix
Industries
Enterprise Software
Fintech
Company Size
201-500
Company Stage
Series C
Total Funding
$195M
Headquarters
San Francisco, California
Founded
2015
Finix is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today