ConnexPay

investment firm

About

ConnexPay transforms payment acceptance and issuance for Travel and E-commerce providers which act as intermediaries.

Details

Last Funding Type
Private Equity(PE)
Last Funding Money Raised
$110M
Industries
E-Commerce,Financial Services,Payments
Founded date
Jan 1, 2017
Operating Status
Active
Legal Name
ConnexPay LLC.

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$145.10M
ConnexPay has raised a total of $145.10M in funding over 2 rounds. Their latest funding was raised on Oct 25, 2022 from a Private Equity(PE) round.
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

Investors

Number of Lead Investors
Number of Investors
5
6
ConnexPay is funded by 6 investors. FTV Capital and Tamiami Angel Funds are the most recent investors.
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

Employee Profiles

Number of Employee Profiles
6
ConnexPay has 6 current employee profiles, including Board member Pamela A Joseph
Board member
Board observer
Executive
Executive
Board member