US fintech start-up Payrix has been sold by equity firm Providence Strategic Growth and Dallas-based investment fund Blue Star Innovation Partners to payments giant FIS. The financial terms of the deal were not disclosed. Founded in 2015, the Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service (SaaS) verticals. The company offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business needs.`

Read More