FlexPay
Latest round
- Seed
Last raised
- Dec 2019
Total raised
- $6M
Investors
- 3
About FlexPay
FlexPay offers specialized solutions for recovering failed payments, particularly for subscription-based businesses.FlexPay, founded in 2017 and headquartered in Montreal, Canada, focuses on failed payment recovery solutions. The company was established by Darryl Hicks, who has a history of leading ventures in the tech space.FlexPay specializes in failed payment recovery solutions targeted at subscription-based businesses. Their core product offerings include the Invisible Recovery™ and Engaged Recovery™ systems, designed to minimize customer churn and enhance revenue by recovering all types of failed payments. The Invisible Recovery™ utilizes AI technology to rectify payment failures seamlessly, while Engaged Recovery™ uses behavioral science to actively engage customers in resolving payment issues.FlexPay operates under a revenue model based on partnerships with businesses that subscribe to its services for payment recovery solutions. Clients enter contracts allowing FlexPay to manage failed payment recovery processes in exchange for a share of the recovered revenue, thereby enhancing overall subscription profitability. The company aims to develop new tools for failed payment recovery and intends to penetrate additional markets across Europe by late 2023.
Who invested in FlexPay
3 investors across 1 round
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Funding rounds
Seed
Dec 9, 2019
Amount
$6M
Investors
Questions about FlexPay
Who invested in FlexPay?
FlexPay has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FlexPay raised?
FlexPay has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did FlexPay last raise money?
FlexPay's most recent round on record is a Seed, in Dec 2019.
What does FlexPay do?
FlexPay offers specialized solutions for recovering failed payments, particularly for subscription-based businesses.
Where is FlexPay headquartered?
FlexPay is headquartered in Montreal, Canada.
Which VCs invest in companies like FlexPay?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at FlexPay's stage. Their profiles are linked below.
VCs backing software startups at Seed
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