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ConnexPay

Bonita Springs, US · Delaware LLC · 5 known investors

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ConnexPay provides a payment platform that lets businesses accept customer payments and fund immediate supplier payments via virtual cards from the same transaction, closing the cash flow gap. It serves industries such as business travel (TMCs and MICE agencies) and embedded payment resellers, with fraud protection and virtual card rebate optimization.

FintechSaaSTravel & Hospitality

Founders & leadership

RKRobert Kaufman
Robert KaufmanFounder and Chairman of the BoardRobert Kaufman is CEO of ConnexPay, a financial technology company that combines virtual card issuing and merchant acquiring to enable businesses to accept customer payments and fund supplier payments from the same transaction.

Board

MBMark Buffington
Mark BuffingtonMember Board of Directors2018–2022Managing Partner at BIP Ventures
JE
Jacob EisenMember of the Board of Managers
PJ
Pamela JosephMember of the Board of Managers
BP
Barbara PolskyMember of the Board of Managers

Investors · 5

F-Prime Capitallisted by F-Prime CapitalCambridge · $3M – $10M

How we know: F-Prime Capital's portfolio page · a partner's Signal profile · Not right? Tell us

FTV Capitallisted by FTV CapitalNew York · $10M – $30M

How we know: FTV Capital's portfolio page · funding news · open dataset · 5k.vc investor directory · Not right? Tell us

Tamiami Angellisted by Tamiami AngelNaples

How we know: Tamiami Angel's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

BIP CapitalreportedAtlanta

How we know: funding news · open dataset · 5k.vc investor directory · Not right? Tell us

Funding

SEC filings, press & company announcements

$109.8M disclosed across 1 of 2 rounds · 2019–2022

  • Undisclosed amountSeries AJun 2019 · 2 sources
    Source ↗
▶$109.8MraisedNov 2022 · 8 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mark BuffingtonDirector
  • Robert KaufmanExecutive Officer, Director
  • Jacob EisenDirector
  • Pamela JosephDirector
  • Barbara PolskyDirector
Offering amount
$109.8M
Amount sold
$109.8M
First sale
Oct 2022
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 8

StripeStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
GoCardlessGoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.
RazorpayRazorpay provides payment processing APIs and financial services for online merchants, schools, and ecommerce businesses, offering payment acceptance, disbursement, current accounts, and working capital loans. The company serves businesses looking to accept and manage payments online with developer-friendly integration.
IndustriesJ.P. Morgan is a global financial services firm serving corporations and individuals in more than 100 countries, offering investment research, tools, data, analytics, and advisory services. It supports institutional investors, asset and fund managers, hedge funds, broker dealers, and equity issuers with liquidity, fixed income strategies, and equity compensation solutions.
SwipeSumSwipesum offers payment consulting and processing services, acting as an outsourced Chief Payments Officer that helps merchants find, implement, and audit credit card processing solutions. It provides proprietary statement-reading software (Staitment) that analyzes processing statements to generate cost-comparison proposals for businesses.
AdyenAdyen is a payments platform that enables enterprises to accept, process, and move money across their business, with capabilities for embedded finance and financial product issuance.
FiservFiserv provides omnichannel commerce, billing, payments, and digital banking solutions for merchants, financial institutions, governments, and technology providers worldwide. The company serves large enterprises, small businesses, banks, credit unions, fintechs, and public sector organizations with integrated platforms and payment connectivity.
RapydRapyd is a directly-licensed card acquirer with Visa and Mastercard across multiple regions, offering payments, payouts, and multi-currency business accounts through a single platform that also supports a range of payment methods including stablecoins. Its partner programme serves referral agents, consultants, ISOs, PayFacs, and ISVs working with merchants in industries such as iGaming, hospitality, retail, eCommerce, and forex.

Companies working in the same space as ConnexPay.

In the news

Payments Platform ConnexPay Raises $110M, Plans European Expansion | PYMNTS.compymnts.com · Oct 2022

Frequently asked questions

What does ConnexPay do?
ConnexPay provides a payment platform that lets businesses accept customer payments and fund immediate supplier payments via virtual cards from the same transaction, closing the cash flow gap. It serves industries such as business travel (TMCs and MICE agencies) and embedded payment resellers, with fraud protection and virtual card rebate optimization.
Who founded ConnexPay?
ConnexPay was founded by Robert Kaufman.
Who are ConnexPay's investors?
ConnexPay's investors include BIP Ventures, F-Prime Capital, FTV Capital, Tamiami Angel, BIP Capital.
How much funding has ConnexPay raised?
ConnexPay has disclosed $109.8M raised across 1 of its 2 known rounds.
Where is ConnexPay headquartered?
ConnexPay is headquartered in Bonita Springs, US.