FlexFactor Partners with OpenPath for Enhanced E-commerce Solutions
Deal News | Mar 26, 2025 | Moneta Seeds Ltd
FlexFactor, a leader in real-time payment decline recovery, has partnered with OpenPath, a prominent payment orchestration provider. This collaboration allows merchants on major e-commerce platforms such as WooCommerce, Magento, BigCommerce, and Shopify to effortlessly integrate FlexFactor's advanced decline recovery solutions. The partnership aims to address significant revenue loss, estimated at $300 billion annually for U.S. merchants, due to wrongly declined transactions. FlexFactor's AcceptIQ platform uses AI and predictive analytics to recover legitimate transactions, enhancing customer experiences and increasing customer lifetime value. The seamless integration with OpenPath's extensive platform coverage provides merchants instant access to these powerful solutions. Both companies' CEOs emphasized the ease of integration, the immediate revenue recovery potential, and the improved customer satisfaction resulting from this partnership.
Sectors
- E-commerce
- Fintech
Geography
- United States – The article addresses a critical issue costing U.S. merchants $300 billion annually, indicating a significant focus on the U.S. market.
Industry
- E-commerce – The article discusses solutions for online merchants on platforms like Shopify and WooCommerce, which are central to the e-commerce industry.
- Fintech – FlexFactor provides financial technology solutions for recovering declined transactions, while OpenPath offers payment orchestration services.
Financials
- Up to 30% – The potential recovery rate of declined transactions through the FlexFactor and OpenPath integration.
- $300 billion – The estimated annual revenue loss for U.S. merchants due to false declines.
- 20% – The annual revenue return rate from declined transactions that FlexFactor can potentially recover.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FlexFactor | Target Company | Company | A leading payment recovery platform transforming declined transactions into revenue through AI technology. |
| OpenPath | Partner | Company | A payment orchestration provider offering low-friction access to transacting options across several e-commerce platforms. |
| Moneta Seeds Ltd. | PE Firm | Company | A private equity firm backing FlexFactor's expansion initiatives. |