Flex Secures $25M As Eyes 5x Revenue Growth
Hey FinTech Fanatic!
Flex, a FinTech startup focused on business owners navigating both personal and corporate finances, has secured $25 million in equity funding, led by Titanium Ventures, at a $250 million valuation. Flex also closed a $200 million credit facility, reinforcing its push into the B2B payments space.
The US-based startup sees itself as a direct competitor to Ramp and Brex but primarily focuses on mid-market business owners who also serve as their company’s CEOs, rather than enterprises or VC-backed startups. This funding round follows Flex’s expansion beyond its business credit card and expense tracking product, introduced in 2023.
Flex now processes over $1 billion in annualized payment volume, growing 25% month over month. CEO Zaid Rahman expects revenue to multiply fivefold by 2025, as Flex expands its AI and B2B payments teams in New York and San Francisco.
Enjoy your weekend, and hope to see you soon in Vegas!
Cheers,
P.S. Next week, I’m heading to Las Vegas to attend FinTech Meetup. It’s all about networking (and, let’s be honest, a few good parties 🥂). Hope to see you there!
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INSIGHTS
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FINTECH NEWS
🇺🇸 FinTech Meetup: The Must-Attend Financial Event of the First Half of the Year. FinTech Meetup is attended by CEOs and senior leaders from thousands of banks, credit unions, FinTechs, serving the US market.
The event hosts the sector’s most valuable and productive meetings program, using groundbreaking technology to power 50,000 one-to-one meetings. It offers unparalleled opportunities to build partnerships across the FinTech ecosystem.
The agenda addresses the industry’s biggest challenges and opportunities – across payments, lending, banking, AI, blockchain and more. The impressive line-up of speakers includes 135+ CEO’s from the leading financial institutions and FinTechs. Every session is meticulously curated to maximize attendees’ time and enjoyment. Get tickets here
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PAYMENTS NEWS
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OPEN BANKING NEWS
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REGTECH NEWS
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DIGITAL BANKING NEWS
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BLOCKCHAIN/CRYPTO NEWS
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PARTNERSHIPS
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DONEDEAL FUNDING NEWS
🇺🇸 Flex has raised $25M at a $250M valuation. Flex markets itself as “an all-in-one finance platform for mid-market business owners to manage their finances from the time the owner makes revenue to the time they spend it,” according to CEO Zaid Rahman.
M&A
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MOVERS AND SHAKERS
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