The team at Finix is excited to announce that we have won the 2021 Enabling Technology Leadership Award in Payments from Frost & Sullivan! We want to bask in the glow of this award for a little bit...but also want you to know that this is an excellent indicator of Finix’s position as an innovator in payments technology.
The report details how Finix is on a mission to make financial services more accessible, starting with payments processing infrastructure that allows platforms to own more of the payments experience and profit.
Included in the report is also a breakdown of Finix’s Flex product, which allows companies to get up and running faster with a clear path to payments ownership. As well as how we are harnessing API technology to make deployment faster and easier for companies of all sizes.
These features are coupled with broad expertise in payments, making Finix the perfect partner to guide companies through all of the technology and compliance requirements necessary for payments processing.
Frost & Sullivan granted this Award to Finix based on their study of the following categories:
Commitment to Innovation
Commitment to Creativity
Stage Gate Efficiency
Customer Purchase Experience
Customer Ownership Experience
Customer Service Experience
Frost & Sullivan recognizes that Finix is building innovative payments technology in order to provide a world-class payments experience. If you would like to read more about why Finix was the best choice for the award, we welcome you to download the full report.This award is further validation of our position in the payments industry as an educator and innovator. It follows awards from organizations such as CB Insights and Forbes Fintech 50.
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Finix allocated 10% of its latest funding round for Black and Latinx investors. You can too.During our Series B, we set out to get more traditionally marginalized investors onto our cap table as a concrete way to increase representation in the venture capital ecosystem and work to close the racial wealth gap. Inspired, in part, by the Diversity Rider, we decided to allocate 10% of our last round—and we commit to allocating 10% of all future funding rounds—to Black and Latinx investors via a Special Purpose Vehicle (SPV). I’m proud to share that we’ve brought on 80 Black and Latinx investors. Today, we’re sharing the details behind this initiative in an attempt to encourage founders of other fast-growing, early-stage startups to do the same.
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Finix Named to Forbes Fintech 50The Forbes Fintech 50 has come to be the definitive ranking of the world's most innovative financial technology companies changing the way people save, spend, and invest. We're honored to have been selected for this exclusive list alongside several fintech pioneers, many of whom we admire– and even a few we partner with. While winning awards isn't a worthy goal in its own right, we feel our selection this year affirms the undeniable trend that payments is fast becoming a core component of every software company. In 2019, we tripled headcount and raised over $50 million from Sequoia Capital, Bain Capital Ventures, Visa, and others to pursue this vision and build infrastructure for the next generation of billion-dollar payments companies.