One of the biggest headaches for online payments has been the disjointed relationship between card issuance and payment acceptance. Although some of the world’s most popular fintechs have offered both of these services independently, they have only existed as separate platforms, each requiring their own service contract and account management.
This has long made it difficult and time-consuming for users to make online purchases, particularly for products and services in the travel industry.
Payments technology company ConnexPay was established in 2017 with the goal of changing all that. It’s already broken new ground in launching the world’s only single-platform experience for issuance and payment acceptance, and with an announced infusion of $110 million in growth equity investment led by FTV Capital, it’s prepared to use that platform to transform payments for the travel sector.
“The value of the connected ecosystem […] truly transforms companies across many verticals,” explained ConnexPay’s Founder and Chief Executive Officer, Robert Kaufman, in a press release about the investment. “With FTV’s proven track record in payments and its extensive Global Partner Network, we are confident this partnership positions ConnexPay to accelerate global commercial success.”