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Finix raises an additional $30m, bringing the company’s total funding to $133m

By Edlyn Cardoza

August 11, 2022

  • American Express Ventures
  • Businesses Embedding Financial Services
  • Financial Services

Finix, American Express Ventures, Insight Partners, Lightspeed Venture Partners, FinTech, Businesses Embedding Financial Services, USAFinix, a payments technology company for software platforms, announced that it has raised $30 million in fresh capital, bringing the company’s total funding to $133 million. 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.

Dan Portillo, co-founder and managing partner at TheGP, said regarding the investment in Finix, “The payments space is surprisingly young—only nine percent of payments are digital today. And if the last two years have taught us anything, businesses with modular and configurable payments technology are best equipped to benefit from commerce moving online. TheGP invested in Finix because we believe they are the only payments provider that offers software platforms the flexibility needed to succeed as they scale.”

Finix’s mission is to create the most accessible financial services ecosystem in history, starting with payments. 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. Over the next few months, Finix plans to announce more features to help software platforms better manage their payments and merchants.

Matt Harris, Finix’s board member and Managing Director at Bain Capital Ventures, said, “The next generation of fintech is all about businesses embedding financial services when and where their customers need them most. Finix is a leading example of the type of state-of-the-art payments infrastructure provider that makes this embedded experience possible. BCV is proud to continue to support its growth.”

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