Finix becomes a payments processor, heating up its competition with Stripe

Payments infrastructure startup Finix has slowly been taking swipes at Stripe, first becoming a facilitator, and now becoming a processor.
Finix said today it now is directly connected to all major U.S. card networks — American Express, Discover, Mastercard and Visa. Now that Finix no longer relies on a third-party processor, it says it’s able to offer businesses “instant onboarding, improved economics and opportunities for lowering interchange fees.”
Says co-founder and CEO Richie Serna: “This has been one of the holy grails that we’ve always been aspiring to — how can you get as

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