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Finix raises $75 million to take on Stripe as a payment processor
Finix has been slowly chipping away at Stripe – which handles payments with millions of businesses – for years now. But after previously helping companies
In an interview with TechCrunch, CEO and founder Richie Serna says becoming a payment processor was “hugely transformational” for the business, and a main driver of its $75 million fundraise, which it announced on Thursday. The venture firm led Finix’s $35 million Series B round in 2020, only to walk away from the investment weeks later after determining a conflict of interest with Stripe, which it also backed. In fact, Serna says fintech companies like Stripe, Finix, and Adyen all have lots of room to grow in the payments space.
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