Impression Ventures joins FlexPay journey

FlexPay, a Canadian startup that taps AI and machine learning tech to help merchants recover lost revenues from declined transactions, has raised $6 million in a funding round led by Impression Ventures and also including BMO Capital Partners.

"We believe FlexPay to be the best-in-class solution in a massively underserved market. The company's AI powered systems provide a solution to the large and rapidly growing problem of false credit card declines,” says Maor Amar, Managing Partner at Impression Ventures.

“Its management team has an impressive entrepreneurial track record, in depth knowledge of this market and the passion and energy required to succeed. We are thrilled to join them on this journey."

Laurent Binda, CFO at FlexPay, says: "Securing this specialised group of institutional investors gives us the capital, experience and network we need to accelerate our progress in solving falsely declined credit card transactions."

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StartupsStaff WriterFlexPay, Artificial Intelligence, Machine learning, Payments, Startups, Impression Ventures, BMO Capital Partners, Funding rounds, FinTechComment