Payrix, which enables SaaS companies to embed payments, has closed an extension of its Series A round to support the growth of its team.
The round was led by Blue Star Innovation Partners and Providence Strategic Growth.
Funds from this round are earmarked to help grow the size of the company’s product team, as well as enter new markets.
Payrix builds API-first payments technology that empowers SaaS companies to integrate payments natively. Clients can benefit from recurring revenue, simplified onboarding, customisable customer experience and reporting insights.
Payrix chairman and BSIP founder Rob Wechsler said, “We believe strongly in this team of technology and fintech professionals not only for their best-in-class infrastructure, but their passion and fanatical focus on their customers.
“There’s never been a more exciting time to fuel stickiness and monetization for SaaS companies in a way that’s never been done before.”
Copyright © 2020 FinTech Global
