ConnexPay: Funding, Investors & Team (Sep 2026)
ConnexPay transforms payment acceptance and issuance for Travel and E-commerce providers which act as intermediaries. By offering clients a revolutionary way to minimize risks and reduce credit and debit card acceptance costs through linked real-time payments issued to suppliers, ConnexPay’s clients avoid the need for large lines of credit or personal guarantees. ConnexPay provides a comprehensive, integrated payments solution which incorporates powerful anti-fraud detection along with PCI-certified payment acceptance and payment issuance — driven by ConnexPay’s patent pending intelligent routing and single-use virtual cards — to handle every step of the process. Through a single provider under a simple contract, Travel and E-commerce providers can accept payments from clients and issue payments to suppliers with single-use virtual cards from multiple major card brands. ConnexPay’s advanced solution does not require clients to obtain large lines of credit, provide large reserves, or prepay for most services. Their difference makes all the difference.
ConnexPay has raised $136M across 3 funding rounds on record, the most recent a Private Equity of $110M announced in Oct 2022.
That round is above the $3.4M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.
ConnexPay Company Profile and Key Stats
Latest funding round on record: Oct 2022.
ConnexPay Funding Rounds
ConnexPay raised $6.1M in an undisclosed round announced in Dec 2020.
1 years later, a Series B of $20.0M was announced in Dec 2021.
10 months later, a Private Equity of $110M was announced in Oct 2022.
ConnexPay Founders and Leadership Team
No contact details are on record for this team yet.
ConnexPay Funding Compared to Other Commerce and Shopping Startups
ConnexPay's latest round of $110M is above the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.
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ConnexPay Funding FAQs
What does ConnexPay do?
ConnexPay transforms payment acceptance and issuance for Travel and E-commerce providers which act as intermediaries. By offering clients a revolutionary way to minimize risks and reduce credit and debit card acceptance costs through linked real-time payments issued to suppliers, ConnexPay’s clients avoid the need for large lines of credit or personal guarantees. ConnexPay provides a comprehensive, integrated payments solution which incorporates powerful anti-fraud detection along with PCI-certified payment acceptance and payment issuance — driven by ConnexPay’s patent pending intelligent routing and single-use virtual cards — to handle every step of the process. Through a single provider under a simple contract, Travel and E-commerce providers can accept payments from clients and issue payments to suppliers with single-use virtual cards from multiple major card brands. ConnexPay’s advanced solution does not require clients to obtain large lines of credit, provide large reserves, or prepay for most services. Their difference makes all the difference.
How much funding has ConnexPay raised?
ConnexPay has raised $136M across 3 rounds on record. The most recent is a Private Equity of $110M announced in Oct 2022.
When did ConnexPay last raise funding?
ConnexPay's most recent funding round on record is a Private Equity of $110M, announced in Oct 2022.
Who is the CEO of ConnexPay?
Robert Kaufman is listed as CEO at ConnexPay.
Where is ConnexPay headquartered?
ConnexPay is based in Minneapolis, Minnesota, United States.
How many employees does ConnexPay have?
ConnexPay is in the 11-50 employee band.
How does ConnexPay's funding compare to other Commerce and Shopping startups?
ConnexPay's latest round of $110M is above the $3.4M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.
About FundedIQ's ConnexPay Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for ConnexPay is left off this page rather than filled in.
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