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HomeBankingFlex secures $20m in equity and $100m in debt funding as part...

Flex secures $20m in equity and $100m in debt funding as part of Series A round

Date:

US-based B2B fintech start-up Flex secures $120 million in funding, launching a finance app with a credit card for small businesses.

Facts

  • Flex, formerly known as Flexbase, raises $100 million in debt funding from Community Investment Management (CIM) and $20 million in equity funding led by Florida Funders.
  • Flex introduces a finance app targeting underserved small business owners, offering a credit card issued by Patriot Bank with 0% interest for 60 days.
  • The app aims to simplify expense reporting, reduce administrative burdens, and streamline employee card management.
  • Zaid Rahman, Flex’s founder and CEO, highlights the need to support small businesses often overlooked by B2B fintechs serving tech startups and large enterprises.
  • Key features of Flex include Flex Banking with multiple free accounts, up to 4% yield on idle cash, debit cards with 1% cashback issued by Thread Bank, and treasury management services through partner ADM.
  • Founded in 2020, Flex is headquartered in Miami, Florida.

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