ConnexPay, a payment technology specialist, has added $6.1 million to its Series A funding.
The top-up comes from F-Prime Capital as well as existing investors and brings the company’s total funding raised to $15 million.
The investment will go towards expanding products for the travel industry, recruitment and expansion in other sectors.
Bob Kaufman, co-founder and CEO of ConnexPay says: "Consumers, travel agencies and their suppliers were frustrated by the lack of transparency in the payment process. While we initially built ConnexPay for the travel industry, we are seeing strong demand from non-travel businesses, such as marketplaces, event ticket brokerage, bill payment and insurance.
"Our platform gives payment management and control back to those protecting consumer money and helps strengthen business relationships."
The startup announced Series A funding of $7 million in June 2019 in a round led by BIP Capital.
The company was named a Phocuswire Hot 25 Startups 2020 last year and won the travel innovation award at the Phocuswright Conference 2018.
* Check these two clips from The Phocuswright Conference 2018...
PhocusWire @ Phocuswright 2018 - ConnexPay pitch analysis