The Bank Slate


ConnexPay raises $110M in latest funding round

ConnexPay, a payments technology company, has raised $110 million in equity.

The company said in a press release that FTV Capital led the investment. The funding will allow ConnexPay to expand in Europe and other international markets.

ConnexPay, which was founded in 2017, has raised $145 million, inclusive of the latest funding.

“ConnexPay was founded to transform the entire payments experience for the travel industry, and now that mission extends to other payment intermediary companies both in the U.S. and around the world,” Robert Kaufman, the company’s founder and CEO, said in the release.

“The value of the connected ecosystem – which provides reduced risk, improved cash flow, lower costs of accepting payments and easier reconciliation – truly transforms companies across many verticals,” Kaufman added.

Earlier this year, ConnexPay hired Anant Patel as its president of international markets.

Adam Hallquist, a principal at FTV Capital, joined ConnexPay’s board. Chris Winship, a partner at FTV Capital, joined ConnexPay as a board observer.

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