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§ Private Profile · Montréal, QC, Canada
AI-driven platform recovers declined transactions, reduces chargebacks, and minimizes churn for e-commerce and subscription businesses.
Based in Montréal, Québec, FlexPay is a financial technology company that provides an artificial intelligence driven platform to help ecommerce and subscription businesses recover declined credit card transactions and minimize involuntary customer churn. Operating under a B2B SaaS model, the enterprise analyzes payment failures to successfully reprocess them without imposing any additional debt or hidden fees on end consumers. The platform integrates directly with major ecommerce ecosystems such as Shopify, allowing it to serve a growing network of more than 40,000 merchants and 80 million end customers. FlexPay has processed over 2 million declined transactions, accessing approximately $4 billion in annual payment declines, and secured $6 million in late seed funding led by Impression Ventures in 2019 to expand its marketing and sales operations. The software company was founded in 2016 by CEO Darryl Hicks alongside his cofounders.
FlexPay has raised $6.0M across 1 funding round.
FlexPay has raised $6.0M in total across 1 funding round.
FlexPay has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in December 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 9, 2019 | $6M Seed | Maor Amar | Anges Québec, BMO Capital Partners | Announced |
FlexPay has raised $6.0M in total across 1 funding round.
FlexPay's investors include Maor Amar, Anges Québec, BMO Capital Partners.