Payrix offers a cloud-built, API-first payments platform that enables vertically-focused SaaS companies, websites, mobile apps, retailers and marketplaces to embed and manage payments natively. The company provides clients a choice between payment facilitation-as-a-service (PFaaS) and a full payment infrastructure (payment IaaS). Payrix’s platform is designed to help customers secure additional recurring revenue through native payment capabilities. Leadership includes CEO Eric Frazier, co-founder and Chief Strategy Officer Benny Silberstein, Chief Product Officer Randy McGraw and Chief Operating Officer Corey Wood. The company says it will use the new funds to enhance its product suite and team, accelerate into global markets and continue to focus on customer experience. Payrix is based in Frisco, Texas. Payrix offers a flexible payments platform that enables marketplaces, SaaS providers, ISOs, merchant acquirers, banks and merchant services providers to scale payment facilitation and maintain merchant brand integrity through white-label solutions. The company positions its solution as a way to transform payments from a cost center into a profit center while addressing risk and compliance. Payrix says it has already established value with a range of technology platforms and aims to extend its market reach. Over the past year Payrix has enjoyed significant growth, and the company intends to continue scaling its technology and go-to-market efforts. The new investment will be used to scale the business and invest in business development and marketing. Payrix frames its vision as building the industry’s most flexible solution to support tomorrow’s platforms and reimagine the digital economy.

Total raised

$72M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2020