Payments Gateway Connexpay Announces $20 Million Series B Funding Round, Led By Modern Card Issuing Pioneer Marqeta
Payments Gateway Connexpay Announces $20 Million Series B Funding Round, Led By Modern Card Issuing Pioneer Marqeta
12/09/21, 12:00 PM
Location
naplesMoney raised
$20 million
Round Type
series b
ConnexPay, a payments gateway that connects acceptance and issuance for marketplace companies and commerce intermediaries, today announced a $20 million series B funding led by global modern card issuing platform Marqeta (NASDAQ:MQ). This new capital takes ConnexPay’s total funding raised to date to $35 million.
Company Info
Location
naples, campania, italy
Additional Info
ConnexPay is revolutionizing the payment distribution process by offering a combined merchant acquiring and virtual card issuing solution for mid-sized companies. The company's technology simplifies an antiquated workflow, eliminates the need for pre-funded accounts, reduces supplier risk and the cost of accepting card payments while safeguarding consumer spend. Founded in 2017, ConnexPay is becoming the industry leader in payments for industries historically viewed as high risk to payment providers. For further information about ConnexPay (www.connexpay.com).