About Finxera
Finxera is a company based in San Mateo (United States) founded in 2008 was acquired by Priority in March 2021.. Finxera has raised $6 million across 1 funding round from investors including Foundation Capital and Priority Commerce. The company has 27 employees as of December 31, 2022. Finxera offers products and services including Payment Platform. Finxera operates in a competitive market with competitors including Stripe, Square, PayPal, Flutterwave and Zeta, among others.
- Headquarter San Mateo, United States
- Employees 27 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Priority Technology Holdings
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Series B
Jan 01, 2009
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Investors
Foundation Capital
& 1 more
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Employee Count
27
as on Dec 31, 2022
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Acquired by
Priority
(Mar 08, 2021)
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Products & Services of Finxera
Finxera offers a comprehensive portfolio of products and services, including Payment Platform. 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.
Platform for collecting, storing, and sending money at scale for enterprises.
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Software Development Team
4 people
Product Management Team
3 people
Legal and Compliance
3 people
Finance and Accounting
3 people
Project Team
2 people
Application Team
2 people
Human Resources and Administration
2 people
Devops Team
1 people
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Funding Insights of Finxera
Finxera has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Series B round of $6 million completed in January 2009. 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 1
- Last Round Series B — $6.0M
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First Round
First Round
(01 Jan 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2009 | Amount | Series B - Finxera | Valuation |
investors |
| 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 Finxera
Finxera has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Foundation Capital and Priority Commerce. 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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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location | |
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Integrated payments and banking solutions are provided globally.
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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 Finxera
| 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 - Finxera
| 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 |
Finxera Comparisons
Competitors of Finxera
Finxera 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 Stripe, Square, PayPal, Flutterwave and Zeta, 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 processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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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 Finxera
Frequently Asked Questions about Finxera
When was Finxera founded?
Finxera was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Finxera located?
Finxera is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Finxera a funded company?
Finxera is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Series B of $6M, raised on Jan 01, 2009.
How many employees does Finxera have?
As of Dec 31, 2022, the latest employee count at Finxera is 27.
What does Finxera do?
Finxera provides APIs which allow non-financial institutions to collect, store and send money, in compliance with regulatory requirements. The platform lets developers integrate payment services within their apps including credit card payments, ACH transfers, peer-to-peer payments, multi-party transactions, wire transfers and check acceptance. Its technology consists of Core Engine (handles transaction lifecycle), connector layer (connects the core engines to external systems like NACHA, bill payment networks, banks and card processors) and API layer (to integrate payments in the apps). Finxera is PCI compliant, it has a money transmitter license, and all its stored value accounts are FDIC insured through partnerships with banks. Its product BancBox Crowd is the first escrow API for crowd investing. Finxera manages 100 million in consumer deposits daily in nearly 200,000 individual accounts.
What products or services does Finxera offer?
Finxera offers Payment Platform.
Who are Finxera's investors?
Finxera has 2 investors. Key investors include Foundation Capital, and Priority Commerce.