Finix, a leading full-stack payment processor, has successfully closed a $75m Series C funding round.
This investment was led by Acrew Capital, with Leap Global and Lightspeed Venture Partners co-leading, and saw significant participation from new stakeholders including Citi Ventures and Tribeca Venture Partners. This round also welcomed continued investment from existing backers such as Homebrew, Insight Partners, and Inspired Capital.
Finix specializes in facilitating both online and in-store payments, allowing businesses of all sizes to seamlessly integrate payment systems with minimal technical input.
The fresh capital will be channelled towards enhancing Finix’s comprehensive suite of payment processing tools. Notable among these is their no-code offerings which simplify payment integration and management, making advanced payment functionalities accessible to all businesses without the need for technical expertise.
Finix has made significant strides in product development and market expansion. Over recent years, they have transitioned into a direct processor, gaining the capability to handle payments independently. This shift has enabled them to offer more tailored, reliable, and cost-effective services. Furthermore, the introduction of their no-code product suite, including tools like Checkout Pages and Virtual Terminal, represents a key evolution in their service offering, allowing businesses to customize payment experiences effortlessly.
Finix’s expansion has not been limited to product innovation alone. They have also extended their geographic reach, launching services in Canada and enhancing their cross-border payment solutions to facilitate smoother transactions between the U.S. and Canada.
Richie Serna, CEO and co-founder of Finix, said, “Finix offers no-code payment solutions for the 22 million businesses without developers, enabling seamless payment integrations with little to no technical expertise.
“When we started Finix, we were big believers in the developer movement, and we still are! But over time we’ve seen a major shift in the market. Even businesses that have developers don’t want to spend their time or resources on payments — they want highly brandable, configurable payment solutions that require little to no technical expertise to implement. From startups to publicly traded companies, merchants to vertical SaaS companies, customers of all sizes are taking advantage of Finix’s no-code solutions. Today, every feature in our broad product suite is now available in no-code, low-code and API-driven solutions.”
Vishal Lugani, founding general partner at Acrew Capital, praised the platform’s simplicity and effectiveness, remarking, “Payments are ubiquitous—every merchant needs them—yet they remain more complicated than they should be. Finix changes that with its no-code offering. We hear from customers that they love Finix’s transparency, support, and user-friendliness.
“We are pleased to have the opportunity to further invest in the company and continue to partner with the team. Finix has raised the bar for the payments industry and continues to scale its reliable, cutting-edge processing platform.”
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