FlexPoint Raises $35M in Debt and Equity

FlexPoint, a NYC-based provider of a payments automation platform for managed service providers (MSPs) and the businesses they serve, raised $35M in funding.

The round included:

  • a $5M equity investment led by Haymaker Ventures, with participation from existing investors Garuda Ventures, Far Out Ventures and Cascade Seed Fund, and
  • a $30M credit facility provided by Tacora Capital.

The company intends to use the funds to further accelerate its growth and expand its product and customer success teams.

Led by CEO Victor Lopez, FlexPoint is a payments platform purpose built for managed service providers (MSPs). Through automations and integrations, the solution enhances payments and cash flow processes for hundreds of MSPs and their business clients.

The company raised $2.4m in a round announced in September 2023.