Finix

Finix was founded in 2015 and is headquartered in San Francisco, with offices in Chicago, Orlando and Toronto. It sells payment infrastructure to software platforms, marketplaces and payment facilitators. The premise is that a vertical SaaS company can start by embedding card acceptance on Finix, then move to onboarding and settling its own sub-merchants, and finally run as a full payment facilitator, all on one stack, instead of rebuilding a payments business or spreading it across several vendors.

A single API and dashboard cover merchant underwriting and onboarding, card and ACH acceptance, payouts to bank accounts and cards, recurring billing, dispute management, reconciliation and reporting, with fraud and compliance tooling through partners such as Sift and Plaid. Named platform customers include Cargas, foreUP, AgVend, Lunchbox, Clubessential, Passport, Beyond and Meadow, and in 2026 Finix announced partnerships with the field-service platform Contractor Plus and with Change for embedded payouts. The company raised a USD 75 million Series C in 2024 led by Acrew Capital.

1. Tiered PayFac model: A platform can move from embedded acceptance to sub-merchant settlement to full payment facilitator on one integration.

2. Unified API: Acceptance, payouts, recurring billing, onboarding and reporting through one API and dashboard.

3. Merchant onboarding: Automated underwriting, KYC/KYB collection and compliance forms for sub-merchants.

4. Payouts: Disbursement to bank accounts and cards, used by Change for embedded corporate giving payouts.

5. Risk tooling: Fraud screening and dispute management with partner integrations including Sift and Plaid.

6. Vertical customers: Cargas, foreUP, AgVend, Lunchbox, Clubessential, Passport and Contractor Plus.