FlexPoint Secures $35M to Revolutionize Payments Automation for MSPs
March 19, 2024, 3:31 pm
Location: United States, Colorado, East Portal Distributed Camping Area
Employees: 1-10
Founded date: 2021
Total raised: $37.4M
FlexPoint, a NYC-based provider of a payments automation platform for managed service providers (MSPs) and their clients, recently closed a $35 million funding round. The investment includes a $5 million equity injection led by Haymaker Ventures, alongside existing backers Garuda Ventures, Far Out Ventures, and Cascade Seed Fund. Additionally, FlexPoint secured a $30 million credit facility from Tacora Capital to fuel its growth and expand its product and customer success teams.
CEO Victor Lopez leads FlexPoint in its mission to streamline payments and cash flow processes for MSPs through innovative automations and integrations. This latest funding round follows a previous $2.4 million raise in September 2023, signaling strong investor confidence in the company's vision and potential for industry disruption.
FlexPoint's unique approach to financial management has garnered praise from partners like Compunet Technologies, where President Michael Leonard lauds the platform for drastically reducing billing time and improving overall productivity. Lopez himself emphasizes the company's dedication to serving the MSP community and driving continuous innovation to meet their evolving needs.
With the support of key investors like Haymaker Ventures and a growing roster of satisfied clients, FlexPoint is poised to revolutionize the way MSPs handle their financial operations and achieve long-term success in a competitive market.
CEO Victor Lopez leads FlexPoint in its mission to streamline payments and cash flow processes for MSPs through innovative automations and integrations. This latest funding round follows a previous $2.4 million raise in September 2023, signaling strong investor confidence in the company's vision and potential for industry disruption.
FlexPoint's unique approach to financial management has garnered praise from partners like Compunet Technologies, where President Michael Leonard lauds the platform for drastically reducing billing time and improving overall productivity. Lopez himself emphasizes the company's dedication to serving the MSP community and driving continuous innovation to meet their evolving needs.
With the support of key investors like Haymaker Ventures and a growing roster of satisfied clients, FlexPoint is poised to revolutionize the way MSPs handle their financial operations and achieve long-term success in a competitive market.