ConnexPay Named to Inc.’s Second Annual Power Partner Awards
The list honors B2B organizations across the globe that have proven track records supporting entrepreneurs and helping other companies grow. It recognizes 389 firms in marketing and advertising, health and wellness, financial services, legal, logistics, and productivity, as well as other areas of business.
All 389 companies received top marks from clients for being instrumental in helping leadership navigate the dynamic world of business. These B2B partners support entrepreneurs across various facets of the business, including hiring, compliance, infrastructure development, cloud migration, fundraising, etc., allowing founders to focus on their core missions.
ConnexPay’s easy-to-use, all-in-one platform enables businesses to accept incoming payments and get immediate access to funds, prevent fraud, and pay their suppliers all in real time. By connecting traditionally separate payment functions, ConnexPay fundamentally de-risks the payment process and allows businesses to pay lower fees to accept incoming payments while increasing their revenue through higher rebates on outgoing card payments. This puts more control in businesses’ hands and provides transparent end-to-end transactions, all inside a single solution.
Inclusion on the list follows 12 months of significant milestones for ConnexPay. After securing a $110 million growth equity investment led by FTV Capital in October 2022, the company recently extended its global footprint by introducing additional currencies, including British Pounds (GBP) and Euros (EUR), further supporting its international growth. This year, ConnexPay’s annual revenue is forecast to grow 70% YoY, following 500% net revenue growth in 2022.
Bob Kaufman, Founder and CEO at ConnexPay, said: “ConnexPay was founded on a simple idea: B2B payments don’t have to be fragmented, and the entire payments ecosystem would benefit from bringing acquiring, issuing and fraud protection together. This has proven to be absolutely true. By having visibility into both the incoming and outgoing payments for our customers, the traditional risk for a bank of not knowing what happens to a customer’s funds is eliminated. This visibility results in us being able to offer our customers lower merchant fees, often saving companies hundreds of thousands, or even millions of dollars each year.”
Scott Omelianuk, editor-in-chief of Inc. Business Media, said: “Trusted B2B partners provide guidance and expertise that founders rely on at various steps of their organization’s journey. Partners that possess a demonstrated ability to deliver quality support are at the core of entrepreneurship and help bring big ideas to life.”
ConnexPay is the first company to bring together the two sides of the payment process — payments acceptance and virtual payments issuing — into a single platform with one contract and one reconciliation. The flexibility of this technology allows clients to adopt the full end-to-end acquiring and issuing solution or leverage ConnexPay’s innovative intelligent routing issuing-only platform.
Although ConnexPay started its journey with a focus on the travel and tourism space, ConnexPay’s solutions are applicable across a broad spectrum of corporate payment use cases. The platform is well suited for corporate disbursements like insurance and warranty claims, loyalty and rewards payouts as well as corporate procurements like media/advertising buys and ticketing.
The company’s technology simplifies an antiquated workflow, eliminates the need for pre-funded accounts, reduces supplier risk and the cost of accepting card payments while safeguarding consumer spend. Learn more at www.connexpay.com and follow us on LinkedIn.
About Inc. Business Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.
Head of Marketing, ConnexPay
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