Visa Invests in Payments Infrastructure Builder Finix

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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Finextra
Tuesday, July 30, 2019
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