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Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV
Many founders talk about their desire for a more diverse investor base. Richie Serna took that desire and made it a reality.
Serna, who founded payments infrastructure startup Finix in 2016, had raised more than $95 million in venture funding from the likes of Lightspeed Venture Partners, American Express Ventures, Homebrew, Precursor Ventures, Insight Partners, Bain Capital Ventures, Visa and Activant Capital.
The San Francisco-based fintech last raised $30 million in an extension of its Series B round last August. At the time, Finix which says its mission is to make every company a payments company said it had seen its transaction volume more than quadruple from Q2 2019 to Q2 2020.