Flex Acquires A16z-Backed Maza for $40M
Hey FinTech Fanatic!
Flex, a FinTech startup helping business owners manage both personal and corporate finances, has acquired a16z-backed Maza for $40 million.
The deal comes less than two months after Flex raised $25 million in equity and secured a $200 million credit facility, which brought its valuation to $250 million. While often mentioned alongside Ramp and Brex, Flex positions itself differently: it targets mid-market business owners who also act as their company’s CEOs, rather than large enterprises or venture-backed startups.
Maza began as a financial app for Spanish-speaking consumers in the U.S., offering tools to open bank accounts and apply for ITINs. Over time, the team noticed many of their users were small business owners, often operating alone in fields like landscaping, construction, or cleaning. Maza shifted accordingly, building business tools for a growing solopreneur segment that had been largely overlooked.
That evolution drew Flex’s attention. As both companies built solutions for individuals behind small businesses, their products began to overlap. “Rather than build a parallel product, it made more sense to combine forces,” said Flex CEO Zaid Rahman. Under the new structure, Maza will rebrand as Flex Consumer, with nearly all of its team and its three co-founders joining Flex in executive roles.
The merger comes at a time when FinTech deals are on the rise again. According to CB Insights, Q1 2025 alone saw 184 M&A transactions globally, one more sign that consolidation may be a defining theme for the year ahead.
Read more global FinTech industry updates below 👇 and I'll be back with more tomorrow!
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