Flex Secures $225 Million to Expand AI-Driven Financial Platform for Business Owners

The fintech startup raised $25 million in equity and a $200 million credit facility to enhance its financial ecosystem for mid-market businesses.

Flex, founded in 2022, has raised $25 million in equity funding led by Titanium Ventures and secured a $200 million credit facility from Victory Park Capital.
The funding will accelerate the development of its AI-powered accounts payable automation and expand its consumer platform for personal finance management.
Flex surpassed $1 billion in annualized total payment volume within 18 months and is experiencing 25% month-over-month growth, with plans to grow fivefold in 2025.
The platform provides mid-market businesses with tools like payment automation, expense management, and a net 60 credit card, addressing a gap in the market for owner-operated businesses.
Flex plans to use the capital to enhance its offerings, including accounts receivable automation, and expand its AI and B2B payments teams in New York and San Francisco.