# ConnexPay

> ConnexPay is a Plano, Texas payments-technology company that unifies the two traditionally separate halves of the payment process - accepting customer payments (PayIns) and issuing supplier payments via virtual cards (PayOuts) - into one platform, one contract and one reconciliation. Founded in 2017 by former U.S. Bank payments executive Bob Kaufman, it lets travel agencies, marketplaces, insurers and other 'high-risk' merchants use incoming card revenue to instantly fund outbound supplier payments, removing the need for pre-funded accounts and reducing risk while capturing card rebates.

- **Founded:** 2017
- **Headquarters:** Plano, Texas, United States
- **Founders:** Bob Kaufman (Founder & Chairman of the Board (CEO 2017-2024))
- **Team size:** ~120 employees
- **Products:** Unified Payments Platform (PayIns + PayOuts), Intelligent PayOuts (IPO), Virtual Card Issuing, Embedded Payments, Push-to-Card Payouts
- **Notable:** First company to unify payment acceptance (PayIns) and virtual card issuing (PayOuts) on a single platform, Named to the Inc. 5000 list of fastest-growing U.S. companies in 2023 and again in 2024, Gold winner, Best Instant Payment Innovation, Juniper Research Future Digital Awards 2023

## Products & services

- **Unified Payments Platform (PayIns + PayOuts)** — A single platform that combines payment acceptance (credit cards, mobile wallets, ACH) with virtual card issuing, so incoming customer payments directly fund outgoing supplier payments under one contract and one reconciliation.
- **Intelligent PayOuts (IPO)** — Patented decisioning engine that determines which cards to accept and which virtual cards to issue - selecting the optimal card brand (Visa, Mastercard, UATP) and settings per supplier to maximize acceptance and rebates while minimizing cost.
- **Virtual Card Issuing** — Single-use and configurable virtual commercial cards for supplier and payee disbursements across travel, insurance, advertising and embedded-payment use cases.
- **Embedded Payments** — Payment infrastructure and SDKs that let software platforms embed acceptance and issuing directly into their products, including white-label options.
- **Push-to-Card Payouts** — Real-time disbursements pushed to a payee's eligible Visa or Mastercard debit or reloadable prepaid card, built with partner Payouts Network.
- **Integrated Credit** — Credit facilities integrated into the platform so clients can fund payouts beyond their incoming card volume.
- **Payment Valet** — Managed-services solution for B2B payment delivery, payee network management and supplier disbursements, offered as partnership, referral or white-label.

## Achievements

- First company to unify payment acceptance (PayIns) and virtual card issuing (PayOuts) on a single platform
- Named to the Inc. 5000 list of fastest-growing U.S. companies in 2023 and again in 2024
- Gold winner, Best Instant Payment Innovation, Juniper Research Future Digital Awards 2023
- Travel Innovator of the Year at Phocuswright (2023)
- PhocusWire Hot 25 Startup (2020)
- Awarded a patent for its Intelligent PayOuts decisioning technology (2024)
- Issues more than $10 billion in payments annually
- Reports ~95% client retention

## Latest updates

- **2026-03** — Launched Payment Valet, a managed-services platform for B2B payment delivery, payee network management and supplier disbursements.
- **2024-08** — Named to the Inc. 5000 list of fastest-growing American companies for the second consecutive year.
- **2024-04** — Appointed Ben Peters (former VPay COO) as CEO; founder Bob Kaufman became Chairman of the Board.
- **2024-01** — Received a patent for its Intelligent PayOuts technology and launched Integrated Credit and UATP card issuance.
- **2023-04** — Partnered with Payouts Network to launch real-time Push-to-Card payout technology.
- **2022-10** — Raised a $110M Series C led by FTV Capital to fund global expansion, bringing total funding above $145M.

## Links

- Website: https://connexpay.com
- LinkedIn: https://www.linkedin.com/company/connexpay
- Twitter/X: https://twitter.com/connexpay
- Facebook: https://facebook.com/ConnexPay/

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Profile page: https://yespress.io/connexpay
Published by YesPress — https://yespress.io
Last updated: 2026-07-21