Full-stack payment processor Finix has secured $75 million in a Series C funding round led by Acrew Capital, with participation from Citi Ventures, Leap Global, Lightspeed Venture Partners, and new investors including Tribeca Venture Partners. Existing supporters such as Homebrew, Insight Partners, Inspired Capital, and Cap Table Coalition also contributed.
Founded by former executives from Stripe, Klarna, PayPal, and Worldpay, Finix provides a comprehensive platform that enables businesses to process payments both online and in-store. In the past two years, the company has evolved into a processor and expanded its operations from the U.S. to Canada. Additionally, it has introduced a no-code suite aimed at the 22 million businesses lacking developers, offering features like recurring billing, tokenization, virtual terminals, and real-time payouts.
The latest funding will be allocated towards product development and expanding into new geographical markets. According to Richie Serna, CEO of Finix, “When we started Finix, we were big believers in the developer movement, and we still are! However, we’ve observed a significant shift in the market. Even businesses that have developers prefer not to allocate their time or resources to payments; they want customizable and brandable payment solutions that require minimal technical expertise to implement.”