Thursday, March 23, 2023

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FlexPay: Raised $6m in seed round

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FlexPay: Montréal fintech, raised $6 million in a fresh funding round led by Impression Venture

  • Funding round also witnessed the participation from Anges Québec, BMO Capital Partners, and other strategic partners
  • FlexPay AI to help e-commerce and subscription service companies recover lost revenue from wrongly declined transactions
  • It is looking to sell its service to small and regional banks as well as credit unions in the US next year
  • Company’s goal for next year is to help the US reduce fraud and approve more transactions
  • This year it surpass 2m declines-processed mark and opened up access to a pool of 4b dollars in annual declines

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