ConnexPay, an Atlanta, GA-based payment technology company, secured additional funding.
Backers included existing investors and new investor F-Prime Capital, the global venture capital firm affiliated with FMR LLC, the parent company of Fidelity Investments.
The funding, which brings total raised to date to $15M, will be used to accelerate growth, increase product offerings for the travel industry and expand in other sectors.
Led by Bob Kaufman, CEO and Founder, ConnexPay provides a payment technology platform that enables marketplace businesses to collect and safeguard consumer funds while automating the distribution of payments to suppliers. The solution has been integrated into booking engines, offering end-to-end SaaS-based online booking tools to small and mid-sized travel agencies, OTAs, and TMCs.