FlexPoint raised $35 million in a funding round led by Haymaker Ventures to grow its payments automation business for managed service providers.
FlexPoint raised $35 million in a funding round led by Haymaker Ventures to grow its payments automation business for managed service providers.
03/18/24, 1:02 PM
Location
new yorkMoney raised
$35 million
Industry
finance
fintech
Round Type
seed
Investors
Tacora Capital, Cascade Seed Fund, Far Out Ventures, Garuda Ventures, Haymaker Ventures
FlexPoint, a payments automation platform for managed service providers (MSPs), raised $35 million of capital through a combination of debt and equity to fund the growth of the company. The round was highlighted by a $5 million equity investment led by Haymaker Ventures, with participation from existing investors Garuda Ventures, Far Out Ventures, and Cascade Seed Fund. In addition, FlexPoint closed a $30 million credit facility provided by Tacora Capital to further expand its working capital solutions for MSPs and their business clients.
Company Info
Location
new york, new york, united states
Additional Info
FlexPoint is a payments platform founded in 2022, purpose-built for managed service providers (MSPs). It provides robust automations and deep integrations to make payments simple and cash flow perfect for MSPs and their business clients.