The payment technology firm, Finix recently announced that the company has raised $30 million in its latest funding round. The fintech firm also witnessed a jump in its valuation.
The details shared by Finix show that it has raised a total of $133 million in funding so far. Some of the leading names in the global venture capital ecosystem, including The General Partnership (TheGP), Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital and Lightspeed Venture Partners participated in the round.
In the next few months, Finix is planning to introduce technology-driven innovative features to facilitate software platforms in payment management. So far, the company has powered billions of dollars worth of payments.
"The payments space is surprisingly young—only nine percent of payments are digital today. And, if the last two years have taught us anything, businesses with modular and configurable payments technology are best equipped to benefit from commerce moving online. TheGP invested in Finix because we believe they are the only payments provider that offers software platforms the flexibility needed to succeed as they scale,” Dan Portillo, the Co-Founder and Managing Partner at TheGP, said.
Fintech Funding
Despite challenging global economic conditions, fintech firms from around the world raised substantial funds in the first half of 2022. In March 2022, Jeeves, a leading corporate card and expense management platform raised $180 million in its Series C funding round and received a valuation of $2.1 billion.
"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,” Matt Harris, Finix’s Board Member and Managing Director at Bain Capital Ventures commented.
