Infinicept, a SaaS platform that provides payment infrastructure and advisory services needed to facilitate embedded payments, landed $23 million in a recent funding. The growth-equity was led by SVB Financial Group and Merchant Banking Growth Equity Funds. Infinicept intends to hire more software developers as well as a chief technology officer to supervise the platform’s expansion. The PayOps SaaS platform from Infinicept is designed to help payments organizations, software providers, and financial institutions grow their payments operations. Infinicept has witnessed remarkable growth since its previous round in 2020, with yearly payments volume increasing > 1,400%.
Infinicept Lands New Funding To Expand Its Embedded-Payments Platform