ConnexPay, a payments technology company that integrates payments acceptance and issuance inside a single platform, has secured a $110 million growth equity investment led by FTV Capital, a sector-focused growth equity investor.
Previous ConnexPay investors also participated in the round.
The funding will enable ConnexPay to drive international expansion in Europe and beyond, as well as continue to enhance its innovative payments platform. With this investment, ConnexPay has raised a total of $145 million to date.
Founded in 2017, ConnexPay was initially developed to serve the travel industry, today supporting many of the largest travel agencies, tour operators, and air and hotel consolidators. The company continues to focus on travel while also serving related verticals that function as payment intermediaries, such as online marketplaces, delivery services, ticket brokers, emerging fintechs, and insurance and warranty providers.
As part of this growth investment, Adam Hallquist, principal at FTV Capital has joined ConnexPay’s board of directors, and Chris Winship, partner at FTV Capital, has joined as a board observer.
DA Davidson served as exclusive strategic and financial advisor to ConnexPay.
