Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV

24 Feb, 2021

Fintech startup Finix closes on $3M in Black and Latinx investor-led SPV
Photo by Kelly Sikkema on Unsplash

– Finix, a payments infrastructure startup, raised $3m in a special purpose vehicle (SPV) that brought more than 80 “traditionally marginalized” investors onto its cap table.
– The SPV was created by the company’s founder Richie Serna, who is a first-generation Mexican-American.
– Moving forward, in all subsequent rounds, Finix will be allocating 10% of each round to Black and Latinx investors.

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