| Founded | 2015 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Fintech |
| Total raised | $150M+ |
| Collapse type | Mass Layoff Spiral |
| Founder | Richie Serna |
Finix
"The payments infrastructure startup raised $150M to compete with Stripe and found that impossible"
Cascading layoffs that accelerated the decline
Key Events Timeline
Finix was a San Francisco-based payments infrastructure company that enabled software companies to build and manage their own payment processing — essentially allowing them to become payment facilitators without building the infrastructure from scratch.
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