FlexPoint rolls out payments automation platform for managed service providers

By Delisha Fernandes

FlexPoint, a payments automation platform for managed service providers (MSPs), has announced its public launch with GreatAmerica Financial Services along with an initial round of funding.

FlexPoint solves problem for MSPs – cash flow. With FlexPoint’s payment automation platform, MSPs can increase visibility into their cash flow and save time on manual processes all while providing their business clients with an exceptional client experience.

“MSPs are the catalyst for digital transformation. Yet when it comes to payments, MSPs are stuck dealing with manual and time-consuming processes,” said Victor Lopez, Co-Founder and CEO at FlexPoint. “FlexPoint makes payments simple and cash flow easier to manage for MSPs and their business clients. We are excited to build a payments solution that MSPs and their business clients can trust.”

Together with the launch, FlexPoint announced a strategic program with GreatAmerica Financial Services, a $2.8 billion company with life-to-date finance originations of over $15 billion. Complementing its full suite of payment and working capital solutions, FlexPoint will now seamlessly offer long-term financing through its platform, powered by GreatAmerica.

“GreatAmerica has been serving the MSP community for over 30 years, providing financing solutions to differentiate, drive sales, and improve customer retention,” said Corey Kerns, VP and General Manager, Connected Technology Group at GreatAmerica. “GreatAmerica is excited to work with FlexPoint to make it easier to offer financing. This will allow FlexPoint customers to seamlessly provide financing quotes in the 12-60 month ranges and submit credit applications.”

The payments automation platform also announced a $2.4M investment led by Garuda Ventures, with participation from Far Out Ventures, Techstars, Cascade Seed Fund, and Lorimer Ventures as well as industry experts including founders and executives from ConnectWise, NinjaOne, CyberFox, Rewst, Empath Cyber, and LifeCycle Insights.