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- Flex Secures $225M to Advance Payments and Personal Finance Solutions for Business Owners
Flex Secures $225M to Advance Payments and Personal Finance Solutions for Business Owners
Slice of Finance Team
07 Mar
Key Highlights:
$225M funding secured, including $25M in equity led by Titanium Ventures and a $200M credit facility from Victory Park Capital.
Yash Patel, General Partner at Titanium Ventures, joins Flex’s Board of Directors.
AI-powered AP Automation and payment processing platform now handling over $1B in annual total payment volume.
Expansion into personal finance management for business owners.
New executive hires, including Chief Risk Officer Vishal Saxena, General Counsel & Chief Compliance Officer David Toro, and Head of Product Jared Thomas.
Source: Business Wire
Notable Quotes:
“Business owners tend to co-mingle their personal and business expenses, deposits, and payments, leading to accounting reconciliation issues and cash flow gaps. Our growth validates the demand from business owners for an all-in-one ecosystem that simplifies their finances.”
“We were thoroughly impressed with the customer love for Flex in our diligence. Flex has found a segment of the large B2B market overlooked by both innovators in B2B fintech and large incumbent banks: super premium business owners.”
“Flex’s ecosystem of financial products, which provide flexible and cost-effective working capital, will help meet a clear need for business owners.”
Why This Matters:
Small business owners often lack the resources to efficiently manage back-office functions, leading to financial inefficiencies and cash flow gaps. Flex is addressing this gap by offering an all-in-one financial ecosystem that automates payments, expense management, and credit. This funding will accelerate Flex’s expansion into personal finance solutions, ensuring business owners have seamless control over both business and personal finances.