San Francisco based payment infrastructure platform raised $30m in a Series B extension round led by Lightspeed Venture Partners and American Express Ventures.
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Payments services company Finix adds $30m to its Series B
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Finix’s sweet spot for ideal customers was once businesses in the $50 million in transactions per year bucket, it has said. Serna would not comment on if its focus has changed. Finix recently launched Flex, a new underwriting model that is aimed at helping businesses on archaic systems reduce switching costs between payment providers. “We want to basically be the payment provider for a company at any stage of their high growth or stabilized growth perspective,” he said.
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