FlexPoint raised $35 million in a funding round led by Haymaker Ventures to grow its payments automation business for managed service providers.

FlexPoint, a payments automation platform for managed service providers (MSPs), raised $35 million of capital through a combination of debt and equity to fund the growth of the company. The round was highlighted by a $5 million equity investment led by Haymaker Ventures, with participation from existing investors Garuda Ventures, Far Out Ventures, and Cascade Seed Fund. In addition, FlexPoint closed a $30 million credit facility provided by Tacora Capital to further expand its working capital solutions for MSPs and their business clients.