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WEBSITE
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SECTOR
Financial Technology and Services
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INVESTMENT YEAR
2022
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STATUS
Current
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LOCATION
Bonita Springs, FL
ConnexPay
The first and only payments technology company that integrates payments acceptance and issuance inside a single platform.
Investment Theme
While some providers offer both card issuing and payment acquiring services, those offerings are in separate systems with disjointed reporting and reconciliation. ConnexPay’s one-of-a-kind technology seamlessly connects both sides of the payment ecosystem — accepting and making payments — inside a single platform with instant access to incoming funds and just one reconciliation. By serving as both acquirer and issuer, ConnexPay can easily connect payments coming in to payments going out and bring real value to both the consumer and merchant. Whereas other companies offering issuing and acquiring require negotiating multiple contracts, working with various account teams and several technology integrations, ConnexPay requires just one integration point, one contract and one team. In addition to these platform and process efficiencies, ConnexPay also provides a lower cost of accepting payments and high card rebates, further boosting its clients’ bottom lines.