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 $200 million credit facility, it told TechCrunch exclusively. The equity funds were raised at a valuation of “just under $250 million.” The company last raised a $20 million Series A announced in September 2023. Flex was officially formed in 2022 by CEO Zaid Rahman after evolving from being a construction platform (operating under the name Flexbase Technologies) to a fintech for business owners. The company came out of stealth in September of 2023 with a business credit card and expense tracking product. Today, Flex markets itself as “an all-in-one finance platform for mid-market business owners to manage their finances from the time the owner makes revenue, to the time they personally spend it,” Rahman says. Rahman likens Flex’s offering to that of fintech giants Ramp and Brex but with a focus on mid-market business owners who are a ... Read full article.