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Finix raises $30 million as fintech’s spotlight picks its sides

TechCrunch LogoTechCrunch1 mo ago

Finix raises $30 million as fintech’s spotlight picks its sides - TechCrunch

Quick Summary:

Finix announced today that it has raised $30 million in new venture capital, bringing its total known raised to $133 million.

What we’ve done now is become the payments facilitator ourselves, so that we can not only provide the payments, but also all the back office requirements and compliance certifications, so that our customers can get up and running in a matter of days, rather than months.

TC’s Connie Loizos reported at the time that Sequoia decided to pull back because it decided Finix competed directly with Stripe, one of its portfolio darlings.


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Article Details

Author / Journalist: Natasha Mascarenhas

Category: Technology

Topics: Finix TC Payments infrastructure Payments Payments Startups Fintech Finance Finance Venture Funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-10, 20:58:39

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 4 minutes read

Article Length: 626 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 128497

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Official Website: techcrunch.com

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News Last Updated: 10h ago

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