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FinMont partners with B2B payments platform ConnexPay

By Delisha Fernandes

February 12, 2024

  • B2B Payments
  • Cash Flow
  • ConnexPay
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ConnexPay, virtual card, fraud prevention, merchant, Payments, Fintech news, Fintech USA, CanadaFinMont, a Global payment orchestration platform has partnered with  B2B payments platform ConnexPay. Through this new alliance, FinMont is adding ConnexPay’s innovative  payments solution to their travel orchestration platform.

Suby Valluri, CEO of FinMont, said, “We are delighted to announce our partnership with ConnexPay and incorporate their payment platform into our global ecosystem. This partnership will strengthen and expand the FinMont proposition for travel merchants, allowing our clients to issue virtual cards in real time.”

Purpose-built for the travel industry, ConnexPay’s unified payments solution aligns incoming customer payments with outgoing supplier payments, all in real time, with one contract and one reconciliation. With ConnexPay, clients get real-time access to incoming customer funds that they can use to pay suppliers, which drives significant cash flow for travel businesses.

Bob Kaufman, Founder and CEO at ConnexPay, added, “ConnexPay is excited to partner with FinMont and incorporate our global payment offering into FinMont’s payment ecosystem for the travel industry. Our solution will allow FinMont’s clients to use one system to both accept and make payments, unifying the entire payments process with one contract and one reconciliation for ease and convenience.”

FinMont offers the travel industry a unique solution that, unlike other options available, streamlines not only B2C payments but also B2B payments. Combining both payments into a single view will help decision-makers identify and fix inefficiencies in their current payment processes. The firm’s mission is to help travel merchants use payments as a strategic tool to stand out from competitors.

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