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Stax To Become Fintech&Apos;S Newest Unicorn With Latest Funding Round

Mar 08, 2022•over 3 years ago
BostonPaymentsSoftware

Description

Stax, an all-in-one payments platform, today announced its latest funding raise of $245 million. Led by sibling co-founders Suneera Madhani, CEO, and Sal Rehmetullah, president, Stax celebrates this significant milestone at a time when less than three percent of venture capital goes to minorities and less than one percent of venture capital goes to businesses with women of color CEOs.

Company Information

Company

Stax

Location

Boston, Massachusetts, United States

About

Stax is one of America's fastest-growing fintech companies, recognized by U.S. News and World Report, Inc., and Fortune for its radically simple payment technology. Stax (formerly Fattmerchant) empowers more than 22,000 small businesses, large businesses, and software platforms through the industry's only all-in-one payments API. Stax's platform provides businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions. With access to everything they need to transact seamlessly, the one-stop tool allows companies to move faster, think smarter, and make better business decisions through the power of payments. Stax has powered more than $23 billion in transactions and expanded globally to international markets outside the U.S.

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