News Formal

Payments infrastructure software Finix raises $35 million from Sequoia - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A startup aimed at disrupting payments and taking on Square and Plaid just raised a $35 million Series B led by Sequoia Capital

and point-of-sale startup Lightspeed to build out their own payments systems.

"And so when we think about our product, it was really about, how do you deconstruct the payment company and rebuild it within a software company?" Meanwhile, internal build-outs of payments systems aren't ideal either, Serna said, as they tend to be costly and time consuming. Even companies that handle a significant volume of transactions — Serna said they have a number of customers with transaction volumes in the billions of dollars — are choosing to replace their internally built payments system.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ominiks Impressive.

Bitcoin

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Azimo: London-based tech startup scores $22 million EIB debt for growth - Business InsiderLondon-based fintech Azimo just raised $22 million in venture debt from the European Investment Bank to tackle the $700 billion remittances market What a great achievement. Congratulations to richinw4 and everyone at Azimo. GrowthLife
Source: BusinessInsider - 🏆 729. / 51 Read more »

Andreessen Horowitz's $750 million bio fund: investment strategy - Business InsiderAndreessen Horowitz just launched its biggest biology-focused fund yet. 2 of the firm's general partners told us how they plan to invest the $750 million.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Pharmacy startups gaining steam, but they'll have to face off against Amazon's PillPack - Business InsiderWhile some startups like Alto Pharmacy are gaining steam, PillPack's entrance to the space could put lesser-established startups at risk
Source: BusinessInsider - 🏆 729. / 51 Read more »

10 common business mistakes to avoid from self-made millionaires - Business InsiderI studied 177 self-made millionaires for 5 years, and I learned that these are 10 common business mistakes to avoid (via richhabits)
Source: BusinessInsider - 🏆 729. / 51 Read more »