Case Study: AgVend Reduces ACH Friction and Fund Failure Delays with Finix

Finix & AgVend Powering Frictionless Payments in AgTech

AgVend, an agriculture technology software company, wanted to modernize payments for ag retailers and their customers. Using Finix, it aimed to simplify ACH processing, reduce friction from micro-deposits, and give customers a faster, more seamless way to pay invoices and add bank accounts.

Finix helped AgVend integrate ACH and bank account validation in just a few days, eliminating the need for micro-deposits and giving users same-day payment setup. After switching to Finix’s processor, AgVend reduced fund failure notification time from 12 days to 3 days, a 75% improvement, and increased online ACH payments by 25%.

AgVend

Eli Rosenberg

Co-Founder & CPO