Flex Raises $70 Million to Improve Payments for High Net Worth Business Owners
What's happening
Flex, an AI-native private banking and business banking platform for high-net-worth business owners, has raised $70 million in a Series B1 round led by Halo Fund. The new capital boosts Flex's total equity to $180 million and total debt funding to $300 million, and will power the launch of Flex Global, a cross-border banking offering. The round included investors such as Portage Ventures, Wellington, Crosslink Capital, 53 Stations, Titanium Ventures, Spice, and Florida Funders, and follows a $60 million Series B seven months earlier. The raise values Flex at about $1.2 billion according to coverage calling it an AI banking platform with that valuation.
Why it's trending
Investors are backing AI-native, cross-border private banking solutions as business banking heats up again and Flex pushes global payments capabilities.
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If you think banks, not startups, will own cross-border private banking for founders, Flex just proved you wrong, again with a $70M Series B1 led by Ryan Smith's Halo Fund that jumps its equity to $180M and primes Flex Global for launch.
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Original sources8
- Flex Raises $70 Million to Improve Payments for High Net Worth Business Owners
The business banking space is heating up again. Business banking platform Flex landed $70 million in a Series B1 investment, boosting its total equity funding to $180 million and total debt funding to $300 million. Halo Fund lead the investment, which comes seven months after Flex’s $60 million Series B round. Portage Ventures, Wellington, Crosslink Read more... The post Flex Raises $70 Mill
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FinTech Global WealthTechJul 15 - Halo Fund leads $70M investment into AI-native private banking platform Flex
Flex today announced a $70 million Series B1, led by Ryan Smith and Ryan Sweeney’s Halo Fund with participation from Portage Ventures, Wellington, Crosslink Capital, 53 Stations, Titanium Ventures, Spice, Florida Funders, Spice, and others.
FinextraJul 15
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