Visa-backed Finix used this pitch deck to net $10m in a series B top-up

ABOUT

Finix, a US-based payments management startup, centralizes payment options for businesses. It helps companies accept payments, manage payouts, and onboard merchants – all on a single platform.

The startup used this deck to secure its second round of series B funding last year, where it raised US$10 million.

Fundraising journey

• 2017: US$2.5 million of seed money from Homebrew, Precursor Ventures, and Act One Ventures
• 2019: US$17.5 million from a series A round led by Bain Capital Ventures, with participation from Insight Venture Partners, Aspect Ventures, and Visa. Existing investors Homebrew, Precursor Ventures, and Act One Ventures also joined the round.
• February 2020: US$35 million of series B funding led by Sequoia Capital, with participation from Activant Capital and Inspired Capital
• March 2020: US$10 million from a second round of series B funding led by Inspired Capital, with contributions from PSP Growth
• August 2020: US$30 million from a third round of series B funding led by Lightspeed Venture Partners, with participation from American Express Ventures

How is the deck compelling?

• The deck clearly describes Finix’s solution.
• It dives into current payment systems and shows how Finix cuts out the middlemen to make payments more beneficial to clients.
• It shows the growth of in-house payments enabled by software, as well as its advantages.

SOURCE

Deck: Best Pitch Decks