FlexPoint Raises $12M to Expand Payments Platform and Partner Program

FlexPoint has secured $12 million in Series A funding to expand its B2B payments platform and scale operations aimed at managed service providers (MSPs), CRN reports. The company plans to use the capital to grow its U.S.-based team, accelerate product development, and build out its partner program. Backed by Foundry Group and several other investors, this latest round brings FlexPoint’s total funding to $19.5 million since its launch in March 2023.

FlexPoint currently supports more than 40,000 businesses and reports 4x year-over-year revenue growth. With the new funding, the company will hire aggressively across engineering, product, sales, and customer support. Leadership says hiring will remain focused in the U.S., with team hubs in Tampa, Minneapolis, and New York, offering flexibility for remote roles around those locations.

A key focus is expanding FlexPoint’s partner program, which enables MSPs to resell FlexPoint’s payment tools to their clients. The program is currently in limited release but is expected to roll out broadly within six months. The company sees MSPs as well-positioned to help small businesses optimize not just IT but also financial operations through embedded payment solutions.

FlexPoint is also investing in AI capabilities that will support back-office financial tasks such as accounting and reconciliation. As MSPs face growing pressure to streamline both service delivery and internal operations, the company aims to meet that need by integrating automation into its financial tools.