By Brian Womack – Staff Writer, Dallas Business Journal
Oct 1, 2020, 3:05pm EDT
A Frisco payments company with backing from a Jerry Jones fund is getting a big-time A round.
Payrix announced Thursday that it has raised more than $50 million in the funding effort while also shaking up the leadership. That amount includes $22 million that it unveiled in backing last year, a spokesperson for the company said. The majority of the round was raised this year.
Blue Star Innovation Partners — founded by the Dallas Cowboys owner, the Jones family and entrepreneur Rob Wechsler — and Providence Strategic Growth are leading the A round.
The company also announced the CEO is now Eric Frazier, co-founder of Century Payments, which was later acquired by WorldPay, according to a LinkedIn profile. Boruch Greenberg, co-founder of Payrix, was formerly CEO and remains involved with the company as a board member, according to the spokesperson.
Also, the new COO of Payrix is Corey Wood, formerly of Intrado, which provides enterprise collaboration, according to a LinkedIn profile.
The new executives "bring specialized expertise in scaling digital businesses," the company said in a release.
Payrix is finding momentum as it embeds payment technology inside of modern, cloud-based software companies. It assists in letting clients manage their own customers’ experiences as they interact.
The new capital will help Payrix scale and enhance its product suite and team and accelerate into global markets, the company said in the release.
"We believe strongly in this team of technology and fintech professionals not only for their best-in-class infrastructure, but their passion and fanatical focus on their customers," said Payrix chairman Wechsler in the statement.