Flex, which is Brex for business owners, raised $ 25 million with a value of $ 250 million

Flex, which offer personal financing programs and infrastructure payments for business owners, raised $ 25 million in stock financing while securing credit facilities worth $ 200 million, and Teccrunch was told exclusively.

The stock funds were raised with a “less than $ 250 million” rating. The company raised the last time a Series 20 million dollars a Announced in September 2023.

Flex was officially formed in 2022 By CEO Zaid Rahman After developing from being a building platform (working under the name Flexbase techniques) To Fintech for business owners. Company Out of the hidden In September 2023 with commercial credit card and expenses tracking product. Today, Flex Markets itself as a “all -one financing platform for business owners in the middle of the market to manage their money from the time the owner achieves revenue, to the time they spend personally,” says Rahman.

Rahman resembles Flex Giants RAMP and Brex offer, but with a focus on business owners in the middle of the market who are also executives of their companies instead of projects supported by projects.

Al -Rahman said: “The business owners tend to form their personal and commercial expenses, deposits and payments, which leads to accounting reconciliation issues and cash flow gaps.” “Our growth proves the validity of the demand from business owners on the ecosystems system in one one that extends their financial resources.”

He said that Flex works more than a “participating financial pilot” for thousands of companies and their owners, such as supporting the weapon, a logistical company; Freebird, male grooming company; Mod Partners, construction works.

“All business entities and personal life are sitting in one information board,” Rahman explained to Techcrunch. “They can decide in the application any transaction work, which is personal. This can be complicated from the viewpoint and compliance.”

Flex client achieves average revenue of $ 25 million annually. Many startups agents, as Rahman claims, have turned from the American Express Sentorion card, known as the “Black Card”.

He said that Flex provides things like subscription from artificial intelligence as well as processing the artificial intelligence bill and expenses management, which automatically accommodates and bills for the owners.

Its card also Serve 0 % interest For 60 days on all purchases.

Titanium Ventures has led $ 25 million, which included the participation of Companyon Ventures, Florida Forelers, MS & Ad Ventures, AAF Management and First Look Partners. Victory Park Capital provided credit facilities worth $ 200 million.

All, Flex received $ 45 million of shares and $ 300 million of credit facilities with debt financing exclusively to offer their credit cards, according to Rahman.

Flex primarily revenue from transactions and exchange fees associated with its cards and billing products as well as deposit products such as banking services. Its personal system is the subscription membership.

While Rahman refused to reveal difficult revenue numbers, Teccrunch told that the company exceeded one billion dollars in the total annual payment volume (TPV) in 18 months after the launch of its cards automating and payment of bills. It is growing 25 % months throughout the month, and Rahman expects the revenue to grow by 5X in 2025.

At the end of 2024, Flex 64 employees had a height of 28 employees at the end of 2023. She plans to partially use her new capital to build AI and B2B payments in New York and San Francisco.

“Flex have found a slice of the large B2B market that both creators in B2B Fintech and large operating companies-companies-have found the owner of the B2B Fintech companies and large operating companies-the companies owned by the owner,” said Yash Patel, the general partner of Titanium Ventures, who joins Flex Board of Directors.

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