What does FlexPoint do?
FlexPoint provides a purpose-built payments platform designed for managed service providers (MSPs) and the businesses they serve, leveraging automation and deep integrations to streamline payments and improve cash flow management.
How much did they raise?
The company raised $12M in Series A funding, with Foundry Group taking the lead and participation from Haymaker Ventures, Garuda Ventures, Techstars, Far Out Ventures, and Cascade Seed Fund. This round added to a total of $19.5M raised.
What are their plans for the money?
With the additional capital, FlexPoint plans to expand its operations and development efforts, aiming to scale its platform further and support an even larger network of businesses.
What have they achieved so far?
FlexPoint has demonstrated significant progress by already serving over 40,000 businesses with its payments platform, underscoring its strong market traction.
