$35 million was raised by FlexPoint, a NYC-based company that offers managed service providers (MSPs) and the companies they work with a payments automation platform.
The round contained:
- a $30 million credit facility from Tacora Capital and a $5 million equity investment led by Haymaker Ventures, with involvement from current investors Garuda Ventures, Far Out Ventures, and Cascade Seed Fund.
- The money will be used by the business to grow its customer success and product teams, as well as to further accelerate its growth.
FlexPoint is a payments platform designed specifically for managed service providers (MSPs), and it is led by CEO Victor Lopez.
The solution improves cash flow and payment processes for hundreds of MSPs and their business clients through automations and integrations.
A funding round announced in September 2023 saw the company raise $2.4 million.
About Flexpoint
It is a private equity investment firm that focuses on privately negotiated investments in the financial services and healthcare sectors. It currently manages about $7.5 billion in regulatory assets. Flexpoint Ford has completed investments spanning a wide range of investment sizes, structures, and asset classes since the company’s founding in 2005. Flexpoint Ford maintains offices in New York, New York, and Chicago, Illinois.
