Finix Extends Series B Round of Financing Round to $75 Million

Finix's growing and diverse customer base include mobility management platform, Passport Labs, private club management software platform, Clubessential, retail point-of-sale company, Lightspeed POS, and more

FREMONT, CA: Finix, the payments infrastructure company, has raised additional funding to help vertical Software-as-a-Service (SaaS) providers and fintech companies build better payment experiences for their merchants, bringing Finix's total funding to $96 million to date. Lightspeed Venture Partners led the extension with participation from American Express Ventures.

"Businesses everywhere are turning to digital payments and SaaS tools to manage the challenges and changes brought on by the pandemic. We're proud of the role we've played in helping our customers respond to new demands," said Richie Serna, CEO, and Co-founder of Finix. "As we look to bring the power of embedded payments to more companies, we're excited to have Lightspeed and American Express Ventures as investors who intimately know the software and small business worlds. The new capital allows us to bring in top-tier talent and more quickly pursue our goal of turning all software companies into payments companies."

SaaS companies and fintechs like these are using Finix APIs to build and manage business-critical payments experiences for the same reasons they use cloud services: to reduce cost, increase flexibility, and accelerate time to market. And just like with cloud, as digital payments are adopted, the beneficiaries are increasingly small businesses using SaaS tools.

"Finix brings together three of our main areas of interest-enterprise software, eCommerce, and fintech-to empower software companies to design payments deeply and thoughtfully into their user experience while also improving their bottom line. The pandemic has made it clear that seamless digital payments experiences are more critical to success than ever before. Massive enterprises and startups alike should take advantage of Finix and its spot at the intersection of the cloud and payments," said Will Kohler, Partner at Lightspeed Venture Partners.