Flex, who offers the financial software and infrastructure of the business of the business, has raised $ 25 million equity facilities when you get $ 200 million credit technology, they tell techcrunch with exclusive.
The equity fund was gained with value “only under $ 250 million.” The final company raises $ 20 million series a Announced on September 20th.
The official flex is formed in 2022 by the CEO Zaid Rahman After growing from the construction platform (operations by name Flexbase Technology) to Fulcech for business owners. The company out of stealth In September 2023 with a business credit card and tracking products. Today, the flexible market as the “financial platform is all for the Middle business owners to manage their finances from the time you have, if you’ve ever spent,” said Rahman.
Rahman shows the Flex offering for the Ramp and Brex Giants but with the focus on the Mid’s mid-Mid owner than the company or a supported.
“Business owners tend to work with personal and business costs, business deposits, and payments, causing accounting gaps and money.” “Our growth confirmed the demands of business owners for the entire ecosystem of the financial.”
Flex, said, so more than “co-pilots financial” for thousands of businesses and owners, such as Shoreside support, logistics companies; Freebird, male grooming company; And Mod’s partners, construction businesses.
“All business entities and personal life sitting on the Dashboard one,” said Rahman for TechCrunch. “They can decide in the transaction application of what personal, are private. This can be complex from the software and subjective point of view.”
Average Flex Custom creates $ 25 million income per year. Many startup customers, said Rahman, have moved from American Centurion Card, generally known as “Black Card.”
Flex, said, offers such underwriting Ai as well as AI Invoice and Cost Management, which appeared automatically to pay and scheduled billing pay and schedule billing.
Cards are also offers 0% interest Up to 60 days in all purchases.
Titanium ontoures is led by $ 25 million, which includes participation of Ventures Companion, Florida, MS & AD Ventures, AAF Management, and AAF. The garden capital victory provides $ 200 million credit facilities.
Total, Flex is safe $ 45 million and $ 300 million in debt with exclusive debt to offer credit card, according to Rahman.
Flex utamane ndadekake pendapatan saka transaksi lan biaya ijol-ijolan sing ana gandhengane karo kertu lan produk mbayar saliyane produk simpenan kayata perbankan kayata perbankan kayata banking. Personal platforms are members of subscription.
While the Rahman denies announced a difficult deal, he tells us tech if it has exceeded $ 1 billion in the total amount of payment (TPV) at 18 following automotive cards. Developed 25% of the last month and the Rahman expects to produce a profit by “5x” in 2025.
At the end of 2024, Flex has 64 employees, from 28 by the end of 2023. Vending using the new capital in the form of AI and B2B and San Francisco payment team.
“Flex gets a large B2B market segment that is ignoring in the inovator in the facetech Incumberts and the owner’s business,” the general yash patent, a common partner in Titanium for the Flex director.
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