With its full solution, Finix, the payments technology provider that lets companies take and deliver payments online or in person, intends to reach a large audience.

You need go no farther than the company's inaugural global launch, which guarantees that clients can construct dependable, adjustable omnichannel payment solutions with essential inbuilt compliance and risk features. This launch also brings the company's range of unified payment options to Canada.

A collaboration with Peoples Trust Company, a division of Peoples Group, led to the expansion.

According to Richie Serna, CEO of Finix, "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."

We've spoken with a lot of clients and potential clients who, in order to satisfy their clients' demands, had to assemble disjointed payment processing solutions from several Canadian suppliers. By expanding to Canada, we are able to assist even more businesses in increasing revenue and optimizing their operations while broadening our global reach.

"This is a step toward global payments technology unification."

Increasing the equity of the financial system

Finix was established in 2015 with the goal of reinventing the financial services sector one API at a time, reducing entry barriers, fostering competition, and improving the financial system's accessibility and equity for all users worldwide.

The goal of the San Francisco-based payment processor is to maximize profits and cut expenses while simplifying the process of accepting payments and sending money for software platforms, marketplaces, and small and medium-sized enterprises.

It has gained the confidence of numerous start-ups and publicly traded corporations to develop and grow its payment infrastructure in the process.

American Express Ventures, Bain Capital Ventures, Homebrew, Inspired Capital, Lightspeed Venture Partners, Sequoia Capital, Visa, and other investors have contributed more than US$100 million to Finix over the last nine years.

Additionally, 10% of the company's most recent funding rounds were given to Black, Latino/a, and other traditionally marginalized investors as part of an intentional attempt to diversify its cap table, and this percentage is guaranteed to remain at 10% in subsequent funding rounds.

facilitating the acceptance and disbursement of payments
Finix's all-inclusive solution facilitates large-scale payouts and acceptance of payments both offline and online. Crucial operations procedures and instruments are also included, such as integrated compliance, thorough underwriting, intelligent fraud monitoring, consolidated reporting, dispute resolution, and more.

Finix's unified payment system offers Canadian and international merchants and platforms a full picture of sales trends and transaction-level data by centralizing these features into one platform and branching out into new markets.

Companies may use this data to boost revenue potential, enhance customer experiences, improve conversion rates, and provide a seamless experience across fragmented channels.

Finix is committed to offering clients a single solution, and it plans to provide a single, cohesive experience across Canada's four main card networks: American Express, Discover, Mastercard, and Visa.

According to Darrell MacMullin, SVP of Products and Platforms at Mastercard Canada, "the ability to send and receive payments quickly, easily, and securely is a crucial part of powering an inclusive digital economy."

"We are excited to collaborate with Finix in the Canadian market to expedite the transfer of funds between foreign entities."