Finix vs Rainforest: Features, Coverage and Pricing Compared (2026)
Updated November 10, 2026 · Reviewed by Benjamin Margolis
Finix and Rainforest both help software platforms add card and ACH payments for their merchants. Finix is a full payment processor with tools for platforms that want to become payment facilitators. Rainforest lets a platform offer payments without registering as a PayFac at all.
Our analysts compared the two on November 10, 2026, using each company's own product, pricing, and company pages and our full reviews of Finix and Rainforest.
Choose Finix if
- you want processor economics and PayFac tooling
- you plan to underwrite merchants yourself
- you need payouts next to card acceptance
Choose Rainforest if
- you want payments without PayFac registration
- you want low-code components and quick launches
- you want clear merchant portability if you leave
Finix scores 78 and Rainforest scores 78 in our ratings. Finix suits a platform ready to take on more of the payments business. Rainforest suits a platform that wants payments revenue with less registration work.
Key Features Compared
Finix vs Rainforest at a Glance, November 2026
| Feature |  Finix |  Rainforest |
|---|---|---|
| Ratings | ||
| Fintech Index score | 78 / 100 | 78 / 100 |
| Overview | ||
| What it is | San Francisco payments company that helps platforms, marketplaces, and merchants accept payments, pay out sellers, and run PayFac-style programs | Atlanta embedded payments provider that lets software platforms offer merchant acceptance without registering as a payment facilitator |
| Who uses it | Payment facilitators, SaaS platforms, marketplaces, and merchants | ~100 software platforms in healthcare, professional services, nonprofits, field services, and youth sports |
| Main products | Card payment processing, payouts, PayFac tooling, and merchant underwriting | Embedded card and ACH acceptance, low-code checkout components, merchant migration tools, and PayPal and Venmo |
| Where it operates | North America | United States, with Canada expansion planned |
| Products and features | ||
| Card acceptance (acquiring) | Full-stack processor | Card and ACH |
| Pricing | ||
| How pricing works | Written fee schedule on request; negotiated by merchant book size and payout mix | Discussed in sales |
| Published prices | Quote only | Quote only |
| Technology and compliance | ||
| Licenses and regulation | Payment processor since 2023, with compliance forms and automated merchant underwriting | Platforms offer payments without their own PayFac registration; risk and operations run by Rainforest |
| Developer tools | PayFac and marketplace tooling, including underwriting workflows | Low-code components and migration tooling |
| Integrations and partners | Retail, ecommerce, healthcare, and financial-services platforms | PayPal and Venmo partnership from early 2026 |
| Onboarding and support | Sales-led onboarding for platform programs | Platform success teams |
| Company | ||
| Founded | 2015 | 2023 |
| Headquarters | San Francisco, California | Atlanta, Georgia |
| Ownership | Private company | Private company |
| Funding | ~$75M round announced October 2024; earlier capital includes a $35M Series B in 2020 | ~$57.5M raised; Series B of $29M in September 2025 led by Matrix Partners and Infinity Ventures with Accel and Tech Square Ventures |
| Key leader | Richie Serna | Joshua Silver |
| Scale | More than 12,000 merchants in 2022; revenue quadrupled the year after it became a processor | Billions of dollars of annual processing volume |
Fintech Index Scores Compared
We rate every company on eight criteria from 0 to 100, four tied to what buyers in its sector need and four shared by every company, and the rating is their average. Finix scores 78 and Rainforest scores 78.
Criterion Scores Out of 100
Key Differences Between Finix and Rainforest
PayFac or Not
Finix gives platforms PayFac and marketplace tooling, including merchant underwriting, and became a processor in 2023. Rainforest is built so a platform never has to register as a PayFac, with Rainforest's own risk and operations teams behind it.
Clients and Growth
Rainforest serves ~100 software platforms and says revenue grew more than 10x between its Series A and Series B. Finix supported more than 12,000 merchants in 2022 and quadrupled revenue after becoming a processor, then raised $75M in October 2024.
Pricing
Neither posts a full rate card. Both sell through sales conversations.
Pros and Cons
Finix
Pros
- Processor economics and PayFac tooling from one vendor
- Payouts next to card acceptance
- Revenue quadrupled after it became a processor
- $75M raised in October 2024
Cons
- Quote-only pricing
- Focused on North America
- More than a platform needs if it wants only a thin gateway
Rainforest
Pros
- Embedded payments without PayFac registration
- Clear merchant portability
- Low-code components for fast launches
- Revenue grew more than 10x between Series A and B
Cons
- No issuing stack
- Fees not posted publicly
- US-focused for now
Who Each Is Best For
Finix
A US or Canadian platform, marketplace, or merchant that wants payment processing, payouts, and merchant underwriting without assembling every piece alone.
Rainforest
A vertical software platform that wants embedded merchant payments with merchant portability and flexible contract terms.
Alternatives to Finix and Rainforest
These companies, all reviewed and rated on The Fintech Index, cover some of the same ground as Finix and Rainforest.
Other Card Issuing and Processing Companies
| Company | Score | Best for | Comparisons |
|---|---|---|---|
| Payabli | 77 | Vertical SaaS platforms that want pay-ins and payouts in one stack | None yet |
| Spreedly | 79 | Merchants that route card payments across several gateways | Finix vs Spreedly |
| Moov | 77 | Platforms that want one stack for acceptance, wallets, and payouts | None yet |
| Tilled | 74 | Software companies that want white-label payments revenue fast | Tilled vs Finix |
| Weavr | 73 | UK and EU software platforms adding business accounts and cards | Rainforest vs Weavr |
Frequently Asked Questions
Do I need to become a PayFac to use Finix?
No, but Finix gives platforms the tools to act as one. Rainforest is built for platforms that do not want to register.
Do Finix or Rainforest publish prices?
No. Both price through sales.
Which supports PayPal and Venmo?
Rainforest announced a partnership in early 2026 that lets platforms offer PayPal and Venmo.
Sources
- The Fintech Index analysis of Finix and Rainforest, conducted November 2026 (As of November 10, 2026)
- Finix home page: https://finix.com/ (As of November 10, 2026)
- TechCrunch, October 2024: https://techcrunch.com/2024/10/24/finix-raises-75-million-to-take-on-stripe-as-a-payment-processor/ (As of November 10, 2026)
- Rainforest home page: https://www.rainforestpay.com/ (As of November 10, 2026)
- Rainforest, 2025 year in review: https://www.rainforestpay.com/blog/2025-year-in-review (As of November 10, 2026)
- Hypepotamus, Series B: https://www.hypepotamus.com/atlanta-rainforest-29-million-series-b/ (As of November 10, 2026)