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Flexpay

Flexpay

FlexPay is a FinTech SaaS company that uses machine learning to reduce and recover falsely declined card transactions.

FlexPay is a FinTech SaaS company that uses machine learning to reduce and recover falsely declined card transactions.

Funding

Seed

In 2019, FlexPay raised $6 million in seed funding, led by Impression Ventures, BMO Capital Markets and Anges Québec.

Platform

FlexPay analyzes transaction records to understand why risk-mitigation systems are erroneously declining credit and debit card transactions, leveraging machine learning models. FlexPay then uses real-time data to recover those declined transactions. FlexPay currently integrates to over 100 gateways as well as several CRMs & billing systems, including Keap, Nuvei, Konnektive, LimeLight, OrderLogix, OpenPath & QualPay.

Timeline

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Isabelle Kirkwood
December 9, 2019
BetaKit
Montréal-based FinTech startup FlexPay, which is using AI to help e-commerce and subscription companies reduce credit card declines, has received a $6 million