FlexPoint, a payments automation platform for managed service providers (MSPs) and their clients, has officially launched with GreatAmerica Financial Services and secured an initial round of funding. Since its establishment in 2022, FlexPoint has experienced rapid growth and now supports the payments of hundreds of MSPs and their business clients.
One of the main challenges faced by MSPs is cash flow, which FlexPoint aims to address. The platform offers payment automation, providing MSPs with increased visibility into their cash flow and saving time on manual processes. Additionally, it enhances the client experience for business clients while also offering seamless access to capital for business growth.
Victor Lopez, Co-Founder and CEO at FlexPoint, emphasized the importance of simplifying payments and improving cash flow management for MSPs and their clients. He expressed excitement about building a trusted payments solution that meets the needs of both parties.
Patrick Kemp, Co-Founder at Loud and Clear Communications, highlighted the positive impact of partnering with FlexPoint. Not only did he receive the necessary capital to expand his business, but his clients also benefited from an easy payment process, resulting in improved cash flow.
In conjunction with its launch, FlexPoint announced a strategic program with GreatAmerica Financial Services. GreatAmerica, a company with over 30 years of experience in serving the MSP community, will offer long-term financing through FlexPoint’s platform. This collaboration aims to simplify the financing process for FlexPoint customers, enabling them to provide financing quotes in the 12-60 month range and submit credit applications.
FlexPoint also secured a $2.4 million investment led by Garuda Ventures, with participation from other venture capital firms and industry veterans. This investment reflects the demand for a platform like FlexPoint in the market and highlights the potential for growth in the MSP sector.
Rishi Taparia, Co-Founder and General Partner at Garuda Ventures, expressed enthusiasm for supporting FlexPoint and its mission to redefine the MSP-focused software solution category.
Sam Kushner, Co-Founder at FlexPoint, emphasized the company’s dedication to serving the MSP community and addressing the pain points associated with payments. He expressed gratitude for the support of MSP partners, investors, and individuals who have contributed to the growth of the MSP market.
For more information about FlexPoint, visit their website at getflexpoint.com.
About FlexPoint:
Founded in 2022, FlexPoint is a purpose-built payments platform for MSPs. It simplifies payments and optimizes cash flow for MSPs and their business clients through automation and integrations. Learn more at getflexpoint.com.
About GreatAmerica Financial Services®:
GreatAmerica is the largest independent, family-owned national commercial equipment finance company in the U.S. It aims to help manufacturers, vendors, and dealers achieve success and maintain long-term customer relationships. With over $15.6 billion in finance originations, GreatAmerica offers financing solutions along with non-financial services to support customer growth. Visit www.greatamerica.com for more information.