JetPay receives $10M capital investment from Flexpoint Ford JetPay announced the closing and receipt on October 11 of a $10M investment from an affiliate of Flexpoint Ford. The $10M investment was made pursuant to the previously announced agreement with Flexpoint in which it agreed to invest up to $40M into JetPay subject to the satisfaction of certain conditions. This initial investment was used to retire approximately $5.9M of short-term notes with the remainder available for general corporate purposes. JetPay is a leading provider of vertically integrated payment solutions for businesses, including card acceptance, processing, payroll, payroll tax filing and card services.
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