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Flex, a Brex for business owners, has raised $25M at a $250M valuation
Flex, which offers personal finance software and payments infrastructure for business owners, has raised $25 million in equity funding while securing a
Flex was officially formed in 2022by CEO Zaid Rahmanafter evolving from being a construction platform (operating under the name Flexbase Technologies) to a fintech for business owners. Rahman likens Flex’s offering to that of fintech giants Ramp and Brex but with a focus on mid-market business owners who are also CEOs of their companies rather than enterprises or venture-backed startups. Flex CEO Zaid Rahman Image Credits: FlexWhile Rahman declined to reveal hard revenue figures, he told TechCrunch that the company surpassed $1 billion in annualized total payment volume (TPV) in 18 months after launching its card and bill pay automation product.
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