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CompanyProfile
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S Spotlight Innovators Single-source issuing,
acquiring to improve
Spotlighting companies that promote bottom lines ISO/MLS contact:
innovation in the payments industry Liza Amaro
Head of Marketing
ob Kaufman founded ConnexPay in 2017 after
serving as senior vice president, and later, lamaro@connexpay.com
CFO of payments services at U.S. Bank, where
B he led innovation across the payments divi- 706-617-4710
sion. During his nearly 20-year tenure with the bank, he https://connexpay.com
saw companies struggle to access cost-effective payment
services in an industry that was mostly unable to adapt
to their needs. "I wanted to disrupt the status quo by Kaufman stated. In addition to combining issuing and ac-
combining acquiring and issuing in one platform to not ceptance, the company described additional offerings as
only solve those pain points, but also generate vast cost follows:
savings for companies, while minimizing risks," he said. • Intelligent purchases routing technology: Propri-
Kaufman noted that to fulfill company objectives of mea- etary, patent-pending technology enables merchants
surable ROI, real-time payments and proactive needs as- to issue virtual cards on multiple BINs, intelligently
sessment, ConnexPay: routed by the system to maximize rebate value for
• Saves customers significant amounts of money by each client.
decreasing costs and increasing revenue (measur- • Built-in fraud prevention and chargeback manage-
able ROI) ment: Comprehensive tools alleviate the biggest
• Allows travel companies to access incoming custom- pain points and profit drains by providing continu-
er funds in real time, enabling them to pay suppliers ous fraud monitoring and managing of inquiries,
in real time (real-time payments) disputes and chargebacks.
• Is focused on customer needs, anticipating potential
problems, and offering flexible, scalable, smart ser- Kaufman believes that combining both sides of pay-
ment processing inside a single platform can help ISOs
vices through a single integration into one platform
with one contract (proactive needs assessment) and merchant level salespeople (MLSs) "get a foot in the
door" when talking to clients. "We are extremely focused
Adapting, growing, serving on working effectively with ISOs and MLSs," he said.
Custom pages on our high-traffic website showcasing Kaufman appointed Anant Patel as ConnexPay's presi- "Having had decades of experience in this industry, we're
acutely aware that your reputation is going to be what
your company’s unique message dent of international markets in January 2022, noting his makes or breaks your company, so we're always working
experience spans the entire payments ecosystem. Patel
to build that reputation by leaving our clients with a good
was instrumental in leading fintech and corporate pay- impression."
• Your own, customized News from the Wire that highlights ment businesses internationally and has deep industry Continuous growth
experience that complements ConnexPay's leadership
stories about your company team, Kaufman added. Looking ahead, Kaufman said investments of $145 mil-

"Overall, we have over 70 employees and counting across lion from FTV Capital and several other investors will
• Featured content: updated monthly, either by your in-house the globe, doubling in 2022 alone," Kaufman said, point- fuel ConnexPay's worldwide expansion. As the company
writers or by one of ours ing out that employee referrals account for 95 percent continues to focus on travel companies and ecommerce
of new hires. The company has grown 500 percent in
intermediaries in the United States, this new infusion
the past year, he added, doubling its customer base and of capital is expected to enable the company to launch
• Custom infographics and videos processing an average of $35 million in daily transaction its payments technology in Europe and beyond. This,
value with a $10 billion annual run rate. ConnexPay inte- Kaufman noted, will mean opening thousands more po-
• Premier content placement in each issue of The Green Sheet grates payments acceptance and issuance inside a single tential clients globally and further enhancing Connex-
platform; other providers offer both services but in sepa-
Pay's payments platform heading into 2023.
• And so much more... rate, fragmented systems, Kaufman said. By contrast, he "As we stand today, ConnexPay serves over 100 clients
added, ConnexPay seamlessly connects accepting and
making payments, improving cash flow. across various industries with best-in-class customer
retention," Kaufman said. "We're heavily invested in the
Rick@greensheet.com Strategic investments have helped ConnexPay evolve from health and success of our customers, and as we continue
Transformative partnerships
to improve our platform, our customers improve moneti-
its initial goal of transforming travel industry payments zation of their businesses. We're looking forward to push-
707-284-1693 to offerings that work for any company in any sector, 23
ing the envelope further."