# FlexFactor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flexfactor

- Industry: Financial Services
- Headquarters: Dover, US
- Website: www.flexfactor.io
- Total disclosed funding: $17M
- Latest round: Series A (Jun 18, 2024)
- Investors on record: 1

## About

Based in Delaware, US, and founded in 2022 by Chief Executive Officer Elio Vitucci and COO Ze'ev Shoval, FlexCorp Inc., doing business as FlexFactor, operates as a provider of an e-commerce purchase recovery platform for merchants. In October 2024, FlexFactor raised USD 16.8 million in series A funding led by Bessemer Venture Partners. 

FlexFactor developed a platform that supports eCommerce businesses recover lost revenue from payment declines. It leverages real-time analytics, machine learning, and advanced credit modeling, allowing merchants to convert failed transactions into successful orders without friction for customers or risk to the business. The company’s AcceptIQ platform, enables decision-making during checkout to recover failed payments, including insufficient funds, providing a checkout experience for customers and improving revenue metrics for brands. 

The company plans to use the funding from October 2024 to further its R&D, while expanding global operations with sales and support.

## Funding rounds

- Series A, Jun 18, 2024, $17M — Bessemer Venture Partners

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A