Payrix, the acknowledged industry leader in embedded fintech, announced an extension of its Series A financing – led by Blue Star Innovation Partners (“BSIP”) and Providence Strategic Growth (“PSG”), the growth equity affiliate of Providence Equity Partners. The capital aims to help Payrix scale and enhance its product suite and team, accelerate into global markets and continue to obsessively focus on customer experience and delight.
As pioneers in payment and infrastructure-as-a-service technology, Payrix is the muscle behind a network of software-as-a-service (SaaS) providers who realize monetizing payments is critical for growth now and into the future. Payrix’s technology solution and in-house payments capabilities drive transformative growth for its verticalized SaaS client base, fueled by their ability to generate recurring revenue through payment facilitation at scale.
“We believe strongly in this team of technology and fintech professionals not only for their best-in-class infrastructure, but their passion and fanatical focus on their customers,” said Payrix Chairman and BSIP Founder Rob Wechsler. “There’s never been a more exciting time to fuel stickiness and monetization for SaaS companies in a way that’s never been done before.”
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Additions to the leadership team include Eric Frazier as Chief Executive Officer, Randy McGraw as Chief Product Officer and Corey Wood as Chief Operating Officer. These executives bring specialized expertise in scaling digital businesses, and join Payrix’s united customer-centric vision for the lifecycle experience, adoption and growth.
Payrix is the original “crawl, walk, run” approach to payment facilitation. The company offers scalable solutions to SaaS clients as they grow, where they can leverage the full spectrum of payment facilitator features today while maintaining the optionality of becoming a full blown payment facilitator tomorrow – all while monetizing payments.
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