U.S. fintech Payrix announced on Wednesday it is set to expand its services in Australia and New Zealand, as well as completed its acquisition of Brisbane-based payment service provider, IntegraPay. The expansion efforts come just days after Payrix announced it secured $50 million through its Series A funding round, which was led by Blue Star Innovation Partners and Providence Strategic Growth.
As previously reported, Payrix provides SaaS businesses and marketplaces a flexible technology platform that enables them to optimize payments for maximum growth.
“Payrix offers the ability to seamlessly grow with the user’s business. From those just getting started to those who are truly ready to become a payment facilitator, Payrix provides white-label solutions that afford the flexibility to customize precisely and strategically. It enables users to leverage solutions that maintain the brand integrity of their merchant customers.”
Speaking about the expansion, Payrix CEO, Eric Frazier, stated:
“We’ve listened to our clients and many have exciting plans to expand globally – it became clear we needed to eliminate obstacles that were holding them back. We believe IntegraPay’s market-leading technology, customer-centricity and local presence will deliver the seamless user experience and growth results our clients need to scale smart.”
Payrix further explained that IntegraPay currently operates in Australia, New Zealand, and the UK. The company also claims to be the region’s leading independent payment services provider, processing more than a million transactions a month and delivering flexible solutions, local service, and innovative technology to over 5,000 clients.