ConnexPay

ConnexPay is a payment technology company that enables marketplace businesses to collect and safeguard consumer funds while automating the distribution of payments to supplier.

ConnexPay is revolutionizing the payment distribution process by offering a combined merchant acquiring and virtual card issuing solution for mid-sized companies.

ConnexPay was founded in 2017 by Bob Kaufman. The company is headquartered in Minneapolis, Minnesota.

 

ConnexPay provides payment gateway technology that combines a merchant acquiring and virtual card issuing system for travel, marketplace and commerce intermediary companies, processing billions in transaction volume.

 

ConnexPay's technology simplifies an antiquated workflow, eliminates the need for pre-funded accounts, reduces supplier risk and the cost of accepting card payments while safeguarding consumer spend.

 

ConnexPay’s innovative solution has been integrated into industry-leading booking engines, offering end-to-end SaaS-based online booking tools to small and mid-sized travel agencies, OTAs, and TMCs.

 

ConnexPay is backed by Marqeta, F-Prime Capital, BIP Capital, and others. The company raised $20M in $20M in Series B round on Dec 09, 2021. This brings ConnexPay's total funding to $35.1M to date.

 

 

  • Year founded: 2017
  • Funding Info: $35.1M over 4 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Minneapolis
  • State: Minnesota
  • Country: United States
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