FlexPay, a Canadian firm that uses machine learning to help merchants recover lost revenue, has raised $6 million in equity funding, led by Impression Ventures. 

Funding will be supported by BMO Capital Partners, Anges Qebec and strategic partners. 

"We believe FlexPay to be the best-in-class solution in a massively underserved market," Maor Amar, managing partner at FlexPay, said in a press release. "The company's AI powered systems provide a solution to the large and rapidly growing problem of false credit card declines."

He said FlexPay's management team has an "impressive entrepreneurial track record in depth knowledge of this market and energy required to succeed."