Flex, a fintech company focused on automating back-office operations for business owners, has successfully raised $25 million in an equity funding round led by Titanium Ventures. Participating in this round were Companyon Ventures, Florida Funders, MS&AD Ventures, AAF Management, and First Look Partners. Additionally, Flex has secured a $200 million credit facility from Victory Park Capital.
Founded in 2022, Flex has developed a comprehensive finance super app that consolidates various back-office functions to help businesses efficiently manage their financial activities. The platform includes a business credit card offering 0% interest for the first 60 days on all purchases, along with integrated employee expense management and rewards. Flex Banking provides an attractive yield of up to 2.99% on idle cash.
Moreover, Flex delivers accounts payable automation, cash flow analytics, bill payment services, and mobile applications. With the recent funding, the company aims to expand its offerings by introducing a consumer-focused arm that will enable business owners to manage their personal finances alongside their business finances.
Zaid Rahman, CEO of Flex, emphasized the common challenge faced by many business owners: the mixing of personal and business expenses, which leads to accounting difficulties and cash flow issues. He stated, “Our growth validates the demand from business owners for an all-in-one ecosystem that simplifies their finances. With Flex, they can manage their entire financial lives through one premium platform, from the moment they generate business revenue to the moment they spend their earnings personally.”