connexpay
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Bob Kaufman and the Cost of Keeping Two Good Ideas Apart
After nearly two decades in banking, Bob Kaufman built ConnexPay around a question his customers kept asking: why did accepting money and paying suppliers require two separate systems? The answer took him out of the bank and, eventually, into the chairman’s seat.
Ben Peters Knows the Most Important Part of a Payment Isn’t the Money
The ConnexPay CEO has spent two decades inside the machinery of business payments. His operating thesis is refreshingly plain: speed matters, but context closes the loop.
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.