FIS (FIS) Announces Acquisition of Payrix
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FIS Acquisition of Payrix Expands Its E-Commerce, Embedded Payments and Finance Experiences for SMB Merchants via Platforms
February 14, 2022 9:00 AM ESTKey facts
The acquisition allows FIS to enhance embedded payments and finance experiences for small- and medium- sized businesses (SMBs) in any industry, accelerating the companys fast-growing e-commerce business. Founded in 2015, Payrix specializes in providing embedded payments solutions into SaaS-based platforms to serve SMB e-commerce merchants. FIS will further capitalize on the fast-growing demand for embedded finance capabilities by combining Payrixs industry-leading automated underwriting and onboarding capabilities with Worldpay from FIS best-in-class global payment capabilities allowing any size business to go global at scale.JACKSONVILLE, Fla.--(BUSINESS... More
