About Finix
Finix is a company based in San Francisco (United States) founded in 2015 by Richie Serna and Sean Donovan. It operates as a SaaS (Software-as-a-Service), Commission-Based, and FinTech. Finix has raised $200.5 million across 8 funding rounds from investors including Visa, American Express and Lightspeed Venture Partners. The company has 118 employees as of December 31, 2022. Finix offers products and services including Business Payments, PayFacs & Platforms, Payouts, Merchant Underwriting, and Billing Solution. Finix operates in a competitive market with competitors including Zeta, Tink, Bud, Apiture and Sila, among others.
- Headquarter San Francisco, United States
- Employees 118 as on 31 Dec, 2022
- Founders Richie Serna, Sean Donovan
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Finix Payments, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200.5 M (USD)
in 8 rounds
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Latest Funding Round
$75 M (USD), Series C
Oct 24, 2024
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Investors
Visa
& 22 more
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Employee Count
118
as on Dec 31, 2022
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Products & Services of Finix
Finix offers a comprehensive portfolio of products and services, including Business Payments, PayFacs & Platforms, Payouts, Merchant Underwriting, and Billing Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Payments are powered for ecommerce and retail businesses.
Payments are embedded into platforms and marketplaces easily.
Money is sent to recipients via Finix payouts.
Merchants are onboarded faster with automated workflows provided.
Recurring payments are accepted and managed through solutions.
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Funding Insights of Finix
Finix has successfully raised a total of $200.5M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $75 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $75.0M
- First Round First Round
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - Finix | Valuation | Leap Global Partners , Lightspeed Venture Partners | |
| Aug, 2022 | Amount | Series B - Finix | Valuation | Franklin Templeton India , Acrew Capital | |
| Feb, 2021 | Amount | Series B - Finix | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Finix
Finix has secured backing from 23 investors, including venture fund and institutional investors. Prominent investors backing the company include Visa, American Express and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech and offline focused VC firm investing in geographies such as Latin American
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Corporate venture capital firm backed by Citi
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finix
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Finix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Finix Comparisons
Competitors of Finix
Finix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, Bud, Apiture and Sila, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| domain | founded_year | HQ Location |
Open banking APIs are delivered to financial institutions and banks.
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| domain | founded_year | HQ Location |
API-based solutions for online payments and P2P transactions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Finix
Frequently Asked Questions about Finix
When was Finix founded?
Finix was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Finix located?
Finix is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Finix?
Richie Serna is the current CEO of Finix. They have also founded this company.
Is Finix a funded company?
Finix is a funded company, having raised a total of $200.5M across 8 funding rounds to date. The company's 1st funding round was a Series B of $3M, raised on Sep 04, 2018.
How many employees does Finix have?
As of Dec 31, 2022, the latest employee count at Finix is 118.
What does Finix do?
Finix is established as a provider of payment processing solutions tailored for businesses of various sizes and industries. Comprehensive payment and payout solutions are offered for ecommerce, retail, and merchant businesses. Payment integration is facilitated for platforms, marketplaces, and PayFacs through developer-friendly APIs. Payout services are provided to send money to recipients efficiently. Merchant underwriting and compliance processes are streamlined with automated workflows. Recurring payment management is supported through dedicated billing solutions. Industries such as retail, healthcare, financial services, and entertainment are served with customized payment options.
What products or services does Finix offer?
Finix offers Business Payments, PayFacs & Platforms, Payouts, Merchant Underwriting, and Billing Solution.
Who are Finix's investors?
Finix has 23 investors. Key investors include Visa, American Express, Lightspeed Venture Partners, Leap Global Partners, and Citi Ventures.
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