Finix wants to challenge Stripe's payment processing dominance 😳💳; Western Union’s Q3 2024: digital acceleration signals turnaround, but transformation journey tests investor patience 🤷‍♂️📊

FinTech is Eating the World, 25 October

Hey Everyone,

Good morning & happy Saturday! Money 20/20 USA is just around the corner, so we’re ending another fascinating FinTech week on a weekend 👏 But don’t worry, it’s surely worth the wait as today we’re looking at Finix which wants to challenge Stripe's payment processing dominance (a quick look at their latest fundraise, what it means & what’s next in payments + bonus deep dives into the biggest merchant acquirers), and Western Union’s Q3 2024 and digital acceleration that is signaling a turnaround (breaking down the key numbers, what they mean & what’s next + a bonus dive into Wise). Let’s just jump straight into the interesting stuff 🌶️

Finix wants to challenge Stripe's payment processing dominance 😳💳

The news 🗞️ FinTech startup Finix has just secured $75 million in funding to expand its payment processing capabilities and challenge industry giants like Stripe.

Let’s take a quick look at this and see why it matters.