Qualpay is a San Mateo-based payments company that combines a merchant account and a payment gateway into a single cloud-based platform. Founded in 2014 by payments-industry veterans, it lets businesses accept card and ACH payments across online, in-person, phone and recurring channels, with tokenization, a customer vault, real-time reconciliation reporting and PCI DSS Level 1 security. In 2022 Synovus Bank took a majority stake to build an embedded finance platform on top of Qualpay's technology.
FlexPoint is a payments and billing automation platform built specifically for managed service providers (MSPs) and the small-to-mid-sized businesses they serve. It automates the entire billing lifecycle - syncing with accounting and PSA tools, sending branded invoices and reminders, collecting payments via AutoPay, processing card and ACH transactions, and reconciling deposits - so technology partners get paid faster with far less manual work. Founded in 2023 by Victor Lopez, Sam Kushner, and Alex Kushner, FlexPoint has raised $19.5M and is trusted by more than 40,000 businesses.