FlexPay is a Montreal-based company that uses AI and machine learning to help merchants recover lost revenue from declined transactions. Its core product is an AI-driven decline salvage platform targeting eCommerce subscription-based merchants, pairing technology with proprietary data. The platform leverages AI/ML to analyze billions of transaction records to reverse-engineer why risk-mitigation systems falsely decline transactions. Using that real-time data, FlexPay optimizes credit-card recovery workflows to get valid transactions approved and improve salvage rates. Led by CEO Darryl Hicks, the company plans to use proceeds from a recent funding round to expand operations and broaden its business reach.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2019