ConnexPay Market Research Report

Company Overview

Name, Mission of the Company

ConnexPay

Mission: Our mission is to raise the bar by taking the pain and friction out of payments via a single platform.

Founding Details

Founded: 2017

Founder: Bob Kaufman

Key People in the Company

Chairman of the Board: Bob Kaufman

Chief Executive Officer (CEO): Ben Peters

President and Chief Operating Officer (COO): Blair Jeffery

Chief Financial Officer (CFO): Matt Peterson

Chief Technology Officer (CTO): Kunal Patel

Head of HR: Nicole Zamora

Head of Product: Judson Preuss

Head of Finance: Julie Heffelfinger

Head of Strategic Program & Partner Management: Sandy Smith

Headquarters

Primary HQ: Naples, FL

Address: 27299 Riverview Center Blvd Suite 104, Bonita Springs, FL 34134

Secondary Location: Atlanta, GA

Address: 11700 Great Oaks Way Suite 180, Alpharetta, GA 30022

Number of Employees

No information is available.

Revenue of the Company

No information is available.

What is the Company Known For

ConnexPay is known for being the first and only company to integrate both payment acceptance and virtual payments issuing into a single platform. They connect incoming customer payments with outgoing supplier payments, providing enhanced cash flow optimization and reduced processing fees.

Products

Product Overview

ConnexPay offers a suite of products primarily focused on streamlining payments and optimizing cash flow for businesses.

Payment Processing & Virtual Card Issuing

Description: An all-in-one platform to accept customer payments and make virtual card payments to suppliers.

Key Features:

Single contract, reconciliation, and team for both payment acceptance and issuance.

Global capabilities with payment acceptance in leading world currencies.

Up to 20% uplift on card rebates via Intelligent PayOuts technology.

Intelligent PayOuts Technology

Description: A proprietary payment technology that optimizes outcomes for card acceptance and rebates using AI, machine learning, and big data.

Key Features:

Boosts card acceptance.

Reduces cross-border and FX fees.

Maximizes rebates.

ConnexPay Flex

Description: A variable-rate virtual card offering over 30 dynamic rates.

Key Features:

Optimizes payment acceptance with various rates.

Global Travel Card

Description: Allows payments in over 150 currencies without incurring FX or cross-border fees.

ConnexPay UATP Card

Description: Specifically for paying travel suppliers within the UATP network.

Fraud Prevention Technology (Kount by Equifax)

Description: AI-driven fraud prevention integrated into ConnexPay's transactions.

Key Features:

Proactive fraud risk scoring.

Reduced chargebacks.

No additional cost for basic fraud prevention.

Chargeback Management System

Description: Simple platform for managing chargebacks.

Key Features:

Real-time transaction visibility.

Digital notifications and dispute management.

Reporting & Analytics

Description: Comprehensive reporting tools providing deep insight into finances.

Key Features:

Real-time transaction dashboard.

Analytics for sales, purchases, customers, and suppliers.

Recent Developments

New Products Launched

ConnexPay Flex: Launched as a variable-rate virtual card.

ConnexPay UATP Card: Launched for integration with the UATP network.

New Features Added to Existing Products

Intelligent PayOuts Technology: Added to enhance existing ConnexPay payment solutions.

New Executive Appointments

CFO: Matt Peterson.

President and COO: Blair Jeffery.

New Partnerships

FinMont Partnership: Global partnership to integrate ConnexPay’s payment services into FinMont’s ecosystem.

UATP Network: ConnexPay joined the UATP network, enhancing its payment capabilities for travel suppliers.

Awards & Recognition

Inc. 5000 List 2024: Named among the fastest-growing private companies in America.

Travel Innovator of the Year 2023: Awarded at Phocuswright 2023.

Other Notable Developments

Board Appointment: Kurt Adams added to the ConnexPay board of directors, bringing over 25 years of experience in payments and fintech.

Conclusion

ConnexPay has carved out a unique position in the payments industry by combining payment acceptance and issuance into a seamless, unified platform. Their recent technology advances and strategic executive appointments are aimed at driving future growth and maintaining their industry-leading status.