Payment automation platform provider FlexPoint has entered a strategic collaboration with Pax8 , allowing it to introduce its financial platform in the latter’s Marketplace. In a bid to expand its capabilities and provide its financial solutions to its partners, FlexPoint announced its alliance with Pax8, a cloud commerce marketplace.

Through this move, the company’s financial platform is set to be officially introduced in the Pax8 Marketplace, enabling it to support managed service providers (MSPs) with tools to enhance their operational efficiency and user experience. In addition, FlexPoint focuses on simplifying billing operations, optimising cash flow, and automating financial processes for MSPs. On the other hand, through its technology marketplace, Pax8 focuses on linking partners, vendors, and small and medium-sized enterprises (SMEs) via AI-enabled insights and product support. Having a global partner ecosystem of MSPs, the company intends to assist SMEs by delivering software and services that can support their expansion and improve their security.

How will FlexPoint and Pax8’s partnership support MSPs? With a commitment to assist MSPs increase their efficiency and expand their business, FlexPoint’s officials underlined that their company’s collaboration with Pax8 advances its allegiance and allows it to continue to provide its financial solutions to the latter’s partners. Moreover, FlexPoint’s platform aims to offer automated billing and payments, which can mitigate manual and time-consuming tasks, simplified integrations for continuous workflows and no duplicate data entry, a user-friendly client portal that can improve the client experience, working capital solutions, as well as security and compliance capabilities that minimise the difficulties of PCI compliance. Previous news from FlexPoint Before the current announcement, more specifically in September 2023, FlexPoint announced its launch with GreatAmerica Financial Services, as well as an initial round of funding.

As part of this move, the company entered a strategic program with GreatAmerica Financial Services, which was set to complement its suite of payment and working capital solutions. Furthermore, FlexPoint also secured a USD 2.4 million investment in a round led by Garuda Ventures. .