Finix Payments, Inc. Secures $45 Million USD in an Extended Series B Funding Round


(San Francisco, CA) In the year 2015, Richie Serna and Sean Donovan, founded Finix Payments, Inc.  The latter is the website, Finixpayments.com.  The headquarters office is located in the City of San Francisco, California U.S.A.  Additionally, it maintains an additional office in the City of Cincinnati, Ohio.  Currently, it is the proud proprietor of the Finix Payment Facilitator Platform.  The latter, is an embedded payments infrastructure service.  Recently; Finix Payments, Inc. announced that, it wishes to be an embedded payments infrastructure service, for a long time.  Specifically, the aforementioned business revealed that, it has secured $45 million USD in an extended Series B funding round.  As part of the normal Series B funding round; Sequoia Capital, Bain Capital Ventures and Inspired Capital were the most noteworthy new investors.  As part of the extended Series B funding round; Inspired Capital and PSP Growth are the most noteworthy new investors.  Additionally, and highlighting the extended Series B funding round, is the following revelation.  The revelation is Penny Pritzker, and, Alexa von Tobel will be joining the board of directors.
            Penny Pritzker and Alexa von Tobel will be joining Finix’s Board of Directors, and, will assume the following titles.  Penny Pritzker will be a Member of Finix’s Board of Directors.  Meanwhile, Alexa von Tobel will be an Observer of Finix’s Board of Directors.  However and returning to, Finixpayments.com, the aforementioned website is a software as a service website.  However, Finix Payments, Inc. calls it a payments infrastructure as a service.  The latter; is meant to decrease the time, the cost and the headache.  The desired business clients are other software as a service businesses, I.S.V.s and marketplaces.  The business relationship is helping to bring payments, in-house.  As previously said, the Finix Payment Facilitator Platform, is an embedded payments infrastructure service.  Additionally, the Finix Payment Facilitator Platform is highlighted by five features.  The five features are; gateway/tokenization, merchant onboarding, reporting & reconciliation, settlements & funding instructions and chargeback & risk management.
            Returning to, Penny Pritzker, the aforementioned woman was once the U.S. Secretary of Commerce.  In fact, former President Barack Obama nominated her, and, she was confirmed as the 38th U.S. Secretary of Commerce.  Her tenure was from June 26, 2013, to, January 20, 2017.  After leaving government; she became the Founding Partner of Inspired Capital, and, the Founder and Chairman of PSP Partners.  Inspired Capital has its headquarters office in New York City, New York U.S.A.  It reports that, it is a $200 million USD early stage venture capital firm.  The targeted sectors of the economy are technology consumer businesses, and, enterprise technology businesses.  Inspired Capital likes to highlight that; it has transformative ideas, brilliant teams and relentless determination.  Interestingly, Alexa von Tobel is the credited Founder of Inspired Capital.  PSP Partners, has its headquarters office in the City of Chicago, Illinois U.S.A.  PSP Partners operates as three business divisions.  The three business divisions are PSP Capital, PSP Growth and Pritzker Realty Group.  PSP Capital focuses its investments on established businesses.  PSP Growth focuses its investments on emerging growth stage businesses.  Finally, Pritzker Realty Group focuses its investments on real estate assets. 
            Penny Pritzker is a Member of Finix’s Board of Directors.  Through a press statement, Ms./Mrs. Pritzker said the following.  “Finix is an innovative, potentially market-changing company, and we are very bullish on its future.  In addition to the company’s cutting-edge technology, Alexa and I believe Finix has a strong leadership team committed to transforming how companies are able to facilitate and process payments.  Finix gives companies the flexibility to configure the perfect payments stack for their business and deliver a seamless payment experience, quickly and cost effectively—and to run the entire experience through a single platform of record.”
            To end, Finix Payments, Inc. did release a press statement.  Richie Serna is a Co-Founder and the Chief Executive Officer of Finix Payments, Inc.  Through a press statement, Mr. Serna said the following.  “Penny and Alexa bring a wealth of experience and direct knowledge of the many industries we serve given their backgrounds as investors and entrepreneurs.  We’re extremely excited to have them join our board.  From my early conversations with Penny, it was clear she deeply understands how valuable payments are to the global economy, and was in particular excited by Finix’s focus on building tools that allow small business owners and their staff to earn a living in ways they were not able to just a few years ago.”  As previously stated; Finix Payments, Inc. recently announced that, it wishes to be an embedded payments infrastructure service, for a long time.  Specifically, the aforementioned business revealed that, it has secured $45 million USD in an extended Series B funding round.  As part of the normal Series B funding round; Sequoia Capital, Bain Capital Ventures and Inspired Capital were the most noteworthy new investors.  As part of the extended Series B funding round; Inspired Capital and PSP Growth are the most noteworthy new investors.  Additionally, and highlighting the extended Series B funding round, is the following revelation.  Lastly; the revelation is Penny Pritzker, and, Alexa von Tobel will be joining the board of directors.

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
03/13/2020


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