San Francisco-based paytech Finix (website) has received $30 million in new funding, bringing its total capital to $133 million. New and existing investors, including The General Partnership, Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, and Vamos Ventures, participated in the round.
The paytech company says it raised the capital at a higher valuation “despite the more challenging economic environment this year.” The company also doubled its annual payment volume from 2020 to 2021. According to Finix, Q2 2022 was the company’s best quarter in terms of new business closed. In the coming months, Finix plans to announce additional features that will help software platforms better manage their payments and merchants.
In the past year, the payment infrastructure as a service provider has expanded its range of personal payment devices and features and introduced new capabilities that help software platforms manage payment processes.
In August 2020, the company received $30 million in an expansion of its Series B round, led by Lightspeed Venture Partners and American Express Ventures.