Finix, a PayTech firm for software platforms, has raised $30m in a funding round that has brought the total capital raised by company to $133m.
Finix was backed by investors such as The General Partnership, Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, Vamos Ventures, Inspired Capital and more.
The firm claims its mission is to create the most accessible financial services ecosystem in history, starting with payments. Over the next few months, it claims it plans to announce more features to help software platforms better manage their payments and merchants.
Finix board member Matt Harris said, “The next generation of fintech is all about businesses embedding financial services when and where their customers need them most. Finix is a leading example of the type of state-of-the-art payments infrastructure provider that makes this embedded experience possible. BCV is proud to continue to support its growth.”
B2B lender Founderpath, which helps businesses get access to short-term cash, has reportedly raised $145m in a mix of debt and equity.
The company has deployed over $60m in capital to 130 SaaS founders since its launch in 2020, according to a report from TechCrunch. In the past year, it has deployed $50m, with more than half of that happening in the last four months.
Copyright © 2022 FinTech Global
