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Finix Raises $17.5M, Aims to Empower Firms with Payment Processing Power

Friday, Jul 19 2019
News
Written by  FinTech News Brief Staff

Finix raised $17.5 million from Bain Capital Ventures, Insight Partners and Visa in a Series A funding round. So reports Forbes.

The company aims to give users the ability to ultimately become their own payment processors. Finix makes money off a licensing fee and surcharges, such as "an onboarding fee," rather than through a per-transaction model.

Read the full article from Forbes.

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