Stax, an all-in-one payments platform, has raised USD245 million in its latest funding round, earning unicorn status as a result.
Stax will use the new capital to expand product capabilities, enhance its customer offerings, grow its team and expand internationally.
Investors include Greater Sum Ventures (GSV), HarbourVest Partners and Blue Star Innovation Partners, all of whom have long invested in the payments industry and will serve as strategic partners to Stax.
Rob Wechsler, founder and CEO of Blue Star, will join Stax’s board of directors. After completing a secondary round, Stax raised an additional primary round of capital to reach the USD1 billion valuation.
