Finix Secures $75 Million to Compete with Stripe in Payment Processing

Finix Secures $75 Million to Compete with Stripe in Payment Processing
Finix has announced a $75 million funding round, marking a significant step in its competition with Stripe. CEO Richie Serna highlighted that transitioning to a payment processor in 2023 was transformative for the company, which has reportedly quadrupled its revenue. With over 24,000 merchants now onboard, Finix aims to enhance its offerings for businesses lacking development resources. The startup plans to expand its team and global reach with this latest investment, led by Acrew Capital, among others, bringing its total funding to $208 million.