Visa Invests in Payments Infrastructure Builder Finix

Date: 
17 Jul 2019
Source: 
Finextra

Finix, a payment infrastructure platform built by former executives from First Data, PayPal, and Worldpay, has secured a $17.5 million Series A funding round led by Bain Capital Ventures, with participation from Insight Partners, Aspect Ventures and Visa.

Finix enables companies to build their own payments processing stack using a series of basic APIs and dashboard reporting systems. Available on a fixed pricing model, the company says enterprises can have their systems up-and-running in as little as two months and at a fraction of the $3-5 million average cost of building a framework inhouse.

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Type: 
General