FlexPay is a FinTech SaaS company that uses machine learning to reduce and recover falsely declined card transactions.
In 2019, FlexPay raised $6 million in seed funding, led by Impression Ventures, BMO Capital Markets and Anges Québec.
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.