ConnexPay transforms payment acceptance and issuance for Travel and E-commerce providers which act as intermediaries.
ConnexPay transforms payment acceptance and issuance for Travel and E-commerce providers which act as intermediaries. By offering clients a revolutionary way to minimize risks and reduce credit and debit card acceptance costs through linked real-time payments issued to suppliers, ConnexPay’s clients avoid the need for large lines of credit or personal guarantees.ConnexPay provides a comprehensive, integrated payments solution which incorporates powerful anti-fraud detection along with PCI-certified payment acceptance and payment issuance — driven by ConnexPay’s patent pending intelligent routing and single-use virtual cards — to handle every step of the process.Through a single provider under a simple contract, Travel and E-commerce providers can accept payments from clients and issue payments to suppliers with single-use virtual cards from multiple major card brands. ConnexPay’s advanced solution does not require clients to obtain large lines of credit, provide large reserves, or prepay for most services. Their difference makes all the difference.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 25, 2022 | Private Equity(PE) | $110M | 4 | FTV Capital | — | Detail |
Dec 9, 2021 | Series B | $20M | 1 | Marqeta | — | Detail |
Dec 1, 2020 | Series A | $6.10M | 3 | F-Prime Capital | — | Detail |
Apr 15, 2020 | Series A | $2M | — | — | — | Detail |
Jun 27, 2019 | Series A | $7M | 2 | BIP Capital | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
FTV Capital | Yes | Private Equity(PE) |
Tamiami Angel Funds | Yes | Angel |
BIP Capital | — | Private Equity(PE) |
F-Prime Capital | — | Private Equity(PE) |
Marqeta | — | Private Equity(PE) |
Pamela A Joseph | — | Series A |