Finix Raises an Additional $30 Million in Series B | The SaaS News
Summary
Finix, a San Francisco, California-based payments technology company for software platforms, announced that it raised $30 million an extension of its Series B round and about 18 months after it raised a $3 million SPV led by LatinX and Black investors, bringing the companys total funding to $133 million.New and existing backers 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 participated in the companys latest round.Over the next few months, Finix plan to announce more features to help its customers better manage payments and merchants on their platforms. Stay tuned!About the Company: Finix provides payments technology to software platforms such as Lightspeed POS Inc., Passport, and Kabbage from American Express. Finix makes it easy for software platforms of all sizes to process payments while increasing revenue and reducing cost. Finixs mission is to create the most accessible financial services ecosystem in history, starting with payments. Leading SaaS, marketplace, and e-commerce platforms (i.e. providers serving restaurants, yoga studios, small retailers, etc) use Finixs API and dashboard to accept payments quickly, eliminate manual workflows, delight customers, and grow revenue fast.