Finix, the full-stack payment processor, announced it has raised $75 m

Finix, the full-stack payment processor, announced it has raised $75 million in Series C funding

The initiative was spearheaded by A Crew Capital, with Leap Global and Lightspeed Venture Partners co-leading, and new investors, including Citi Ventures and Tribeca Venture Partners, joining in. Existing investors such as Homebrew, Insight Partners, Inspired Capital, and Cap Table Coalition also contributed. Finix is a cutting-edge platform that empowers businesses to streamline their payment processes and generate revenue. It was developed by a team of experts from Klarna, PayPal, and Worldpay, and has already gained the trust of companies like Lightspeed POS Inc., Passport, and Clubessential.

Google Cloud quarterly revenue was a record $11.35 billion

- Alphabet's revenue was up 15% to $88.27 billion - Google Cloud revenue was a record $11.35 bln (+35%) - This growth was helped by AI services, corp. subscriptions, etc. - Different AI services are used by billions of users - Alphabet reported net income of $26.3 billion (EPS $2.12) - The search business grew 12.3% to $49.4 billion - It remains the main source of revenue for the company - Alphabe

Transaction volume through PayPal for Q3 2023 grew to nearly $423 billion

- PayPal's revenue for the quarter was up 6% to $7.85 billion - Net income amounted to $1.01 billion, i.e. EPS was $0.99 - Payment volume grew 9%, already up to $422.6 billion - Operating margins exceeded estimates, already up 18.8% - The number of active accounts grew by 1%, to 432 mln pcs - PayPal transaction margin increased by 1.2 p.p. to 46.6% - Q4 2024 revenue to grow by “single digits” - An

Finix, the full-stack payment processor, announced it has raised $75 million in Series C funding

Recommended

Google Cloud quarterly revenue was a record $11.35 billion

Transaction volume through PayPal for Q3 2023 grew to nearly $423 billion