Business banking fintech Flex secures $70 million in funding
By Melinda Lucy CloseText Learn more about Melinda Email melinda.lucy@americanbanker.com LinkedIn melinda-huspen Published on July 14, 2026 at 4:30 p.m. EDT | Last updated July 14, 2026 at 4:37 p.m. EDT 3 minutes to read
- Key insight: Flex, a fintech aimed at high-net-worth business owners, has raised an additional $70 million and is introducing a stablecoin-based service for international payment settlements.
- Supporting data: Flex’s valuation has more than doubled over six months, reaching $1.2 billion; the company has secured $180 million in total equity and $300 million in total debt.
- Expert quote: Rudy Yang of PitchBook describes stablecoin adoption as “inevitable” within global business banking.
Flex, a financial technology company that enables high-net-worth business owners to oversee both their personal and business cash flows from a single platform, is rolling out a global banking service that relies on stablecoin payments.
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On Tuesday, the fintech revealed that it has raised $70 million in what it designates as a Series B1 round. A company representative informed American Banker that Flex’s valuation has more than doubled since its December 2025 Series B round, climbing to $1.2 billion. That earlier round brought in $60 million for the firm.
Flex also introduced its new global business banking offering, dubbed Flex Global, which will leverage stablecoin infrastructure to settle cross-border payments for its clients.
“Middle-market business owners are one of the most important and underserved customers in finance globally,” said Flex founder and CEO Zaid Rahman. “Depending on the type of owner, they’ll tell you their vendors are spread across the U.S., Poland, Brazil, etc; their accounts hold currency outside of just U.S. dollars; and they have to oscillate across two to three vendors and layers of fees just to do business outside their country.”
Flex, which is owned by Flexbase Technologies, was established in 2022 and came out of stealth mode in September 2023 with a business credit card and expense tracking tool. Today, it provides a comprehensive set of financial products, including payment automation, expense management, credit cards, and banking services for both business and personal accounts.
According to a company spokesperson, Flex’s sponsor bank partners consist of Column Bank, Lead Bank, and Thread Bank.
