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Stax to Become Fintech’s Newest Unicorn with Latest Funding Round

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Co-founders and sister-and-brother duo Suneera Madhani and Sal Rehmetullah lead their company to $1B+ valuation, making history for minority founders and leaders everywhere

ORLANDO, Fla., March 08, 2022–(BUSINESS WIRE)–Stax, an all-in-one payments platform, today announced its latest funding raise of $245 million. Led by sibling co-founders Suneera Madhani, CEO, and Sal Rehmetullah, president, Stax celebrates this significant milestone at a time when less than three percent of venture capital goes to minorities and less than one percent of venture capital goes to businesses with women of color CEOs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220308005074/en/

Founders Suneera Madhani, CEO, and Sal Rehmetullah, president, launch Stax to unicorn status. (Photo: Business Wire)

“As a minority woman and executive in fintech, I’m no stranger to discrimination and doubt,” said Madhani. “My brother and I built this company from our parents’ home back in 2014. Since then, we’ve grown 500% in the past three years and…

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