> Finix has told TechCrunch before that, unlike Stripe, it doesn’t think of itself as a payments company but rather a payment infrastructure company. Most notably, it likes to note that it doesn’t take a percentage of transaction fees but instead charges customers a monthly software fee, along with a sliding fee associated with the number of payments they process. Yet Stripe has a product, Stripe Connect, that operates much the same way and has since its debut in 2013.
Ehhh... sounds (and looks) very much like a clone of Stripe to me. And saying, "we're different because we are infrastructure", is just icing on the dishonesty cake. Not sure why Sequoia would ever have invested in a copycat to Stripe in first place.
>Not sure why Sequoia would ever have invested in a copycat to Stripe in first place.
may be 21M is just a pocket change handled by junior associates there. The "copycat" part was probably learnt by the seniors much later and from Stripe people.
Ehhh... sounds (and looks) very much like a clone of Stripe to me. And saying, "we're different because we are infrastructure", is just icing on the dishonesty cake. Not sure why Sequoia would ever have invested in a copycat to Stripe in first place.