A California-based payments technology provider for businesses is marching North.
San Francisco’s Finix announced this week that its suite of unified payment offerings is now available in Canada.
“Adding to our international footprint with our Canadian expansion helps even more businesses drive revenue while streamlining operations,” stated Finix cofounder Richie Serna.
Serna wants to pioneer universal payment tech.
“This is a step toward unifying payments technology on a global scale,” said the chief executive officer.
This move marks the first international launch for Finix, a full-stack payment processor and infrastructure provider powering customers from startups to multinationals and publicly traded companies.
“Finix’s end-to-end solution enables businesses, from startups to publicly traded companies, to process payments, send money, and manage their business in today’s global, digitized landscape,” explains Serna.
Finix’s complete solution supports payment acceptance and payouts at scale while including embedded compliance, comprehensive underwriting, intelligent fraud monitoring, consolidated reporting, dispute management, and more—centralized into one platform.
The fintech’s international expansion is a well-funded expedition: Finix has raised over US$100 million from a variety of notable investors including American Express Ventures, Bain Capital Ventures, Homebrew, Inspired Capital, Lightspeed Venture Partners, Sequoia Capital, and Visa.
Longstanding Vancouver-based financial services Peoples Group is partnering with Finix on its Canadian launch.
“We are proud to be the trusted bank partner supporting Finix as it expands into the Canadian market,” stated Jeremy Bornstein, Chief Revenue Officer at Peoples Group.
Businesses of all types “are increasingly reliant on international payment networks as they expand their market reach, interact with global supply chains, and diversify their customer bases,” says Bornstein.
He believes that Finix’s “secure, fast, and reliable payment solution helps businesses remove friction from existing multinational payment processes and unlock the potential to increase efficiency, drive growth, and improve cash flow.”
Peoples Group was established in Vancouver in 1985 and offers a range of financial services including mortgages, retail lending, and payments.
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