Payments infrastructure company Finix has extended its Series B round to reach $75m, after closing an additional $30m to the round.
The fresh equity infusion was supplied by Lightspeed Venture Partners and American Express Ventures.
Plans for the funds include hiring more staff and reaching more clients.
This fresh equity comes after Finix has witnessed a 4.5-times increase in payments volume from Q2 2019 to Q2 2020.
The FinTech startup is payments infrastructure service which helps businesses to reduce costs and time of their transaction experiences. Its payment facilitator platform includes gateway/tokenization, merchant onboarding, reporting, reconciliation, settlements and funding instructions, and chargeback and risk management.
Lightspeed Venture Partners partner Will Kohler said, “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.”
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