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Finix & Fattmerchant partner to launch Flex, a flexible path to payment facilitation

Integrated payment technology provider Fattmerchant has announced that the company has partnered with Finix, a payments infrastructure platform, to power Finix Flex.

Bringing payments in-house by becoming a payment facilitator (payfacs) helps software companies increase profits, grow market share, and delight customers all at the same time. Yet many Independent Software Vendors (ISVs) and Value-Added Resellers (VARs) don’t make the jump from payments referral partner to payment facilitator. This is because of the risk and upfront investment required to build the infrastructure.

With Finix Flex, a new SaaS merchant underwriting model, the entire process can be streamlined, and it handles merchant onboarding, transaction monitoring and chargeback management. Through a simple integration, companies can charge cardholders, disburse funds to merchants and satisfy PCI requirements. Software companies that start on Flex can experience a seamless transition to payment facilitation with no switching costs.

“Our goal is to make every software company a payments company, and Flex is further enabling this mission. Our collaboration with Fattmerchant allows us to provide our software clients with a flexible path to payment facilitation and give them control of their payment strategy as they scale,” said Richie Serna, CEO of Finix.

The platform is currently in beta, but software companies like Assembly Kitchen, PayTheory, and PushPress are already using it to future-proof their payments strategy. The partnership with Fattmerchant enables Finix to leverage the former’s automated underwriting, transaction monitoring, and chargeback management systems to power Flex.

“Finix is a company that, like Fattmerchant, wants to provide software companies with an effective solution to process payments and future-proof their strategy. Through Finix Flex, software companies can easily become their own payment facilitator, while avoiding the time and expense of going through the process on their own,” said Suneera Madhani, founder and CEO of Fattmerchant.

Founded in 2014, Fattmerchant is a payment technology company that revolutionizes the payment processing experience for business owners through real-time data analytics, transparent subscription pricing, and customer service. The company recently launched Omni Connect, a payment solution for SaaS platform.

Founded in 2016, San Francisco based Finix’s payments Infrastructure-as-a-Service (IaaS) decreases the time, cost, and headache SaaS businesses, ISVs, and marketplaces experience when bringing payments in-house. Finix is trusted by companies like Clubessential, Kabbage, Lightspeed, Passport and Clubessential.

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