FlexPoint, a New York-based payments platform for managed service providers (MSPs) and the businesses they serve, has raised $12 million in Series A, bringing its total raised to $19.5 million.

Investors

The Series A funding round was led by Foundry Group, with participation from Haymaker Ventures, Garuda Ventures, Techstars, Far Out Ventures, and Cascade Seed Fund.

Foundry Group, established in 2007 and based in Boulder, Colorado, is a venture capital firm that invests in early-stage technology companies. The firm manages nearly $3.5 billion in assets and has invested in over 200 companies and nearly 50 venture funds.

FlexPoint Use of Funds

The company will use the funding to accelerate product development and expand its MSP partner program.

About FlexPoint

FlexPoint is a SaaS platform designed to automate billing, invoicing, and payment processes for managed service providers (MSPs) and the businesses they serve. Launched in March 2023, it offers features such as AR automation, branded client portals, secure same-day payments, and working capital solutions. Trusted by over 40,000 businesses, FlexPoint’s mission is to build the B2B payments platform that powers SMB technology spend through its network of MSP partners.

Funding Details

Company: LendARR Inc. (FlexPoint)

Raised: $12.0M

Round: Series A

Funding Date: May 2025

Lead Investor: Foundry Group

Additional Investors: Haymaker Ventures, Garuda Ventures, Techstars, Far Out Ventures, Cascade Seed Fund

Company Website: https://www.getflexpoint.com/

Software Category: B2B Payments / Payments Automation

Source: https://www.businesswire.com/news/home/20250513970223/en