Flex

Flex

Interest-bearing digital banking with expense tools

Overview

Flex.one provides a digital business banking platform that lets companies earn interest on idle cash (up to 4%), manage expenses in real time, issue team cards, and send free domestic ACH and wire payments. It works by letting clients keep funds on the platform, which accrues interest, while offering real-time reporting, expense management, card issuance, and fee-free payments; revenue comes from service fees and interest on client cash. It differentiates itself by combining high-interest cash potential with a full set of banking tools in one platform, plus ongoing security audits and fraud protections. Its goal is to help businesses maximize cash utility and profitability by streamlining financial operations and providing cost-effective payments with added rewards, all supported by strong security.

Funded Recently

About Flex

Simplify's Rating
Why Flex is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

201-500

Company Stage

Series B

Total Funding

$493.2M

Headquarters

Miami, Florida

Founded

2020

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Simplify's Take

What believers are saying

  • Flex Capital offers revenue-based financing without traditional credit checks for mid-market business owners.
  • Flex posted 4x year-over-year revenue growth with $10 billion annualized payment volume in 2026.
  • The $40M Maza acquisition targets the growing U.S. Latino fintech market for Spanish speakers.

What critics are saying

  • Mercury's 4% APY and $0 fees directly erode Flex's 4% interest and 1% cashback advantage.
  • Stripe's 3% cashback and integrated payments lock in mid-market clients using their existing payment volume.
  • SEC scrutiny on AI yield claims could force rebranding and reduce promised rates, triggering customer churn.

What makes Flex unique

  • Flex bundles Global Banking, stablecoins, Flex Reward Card, and Flex Capital under one unified platform.
  • Flex offers AI agents acting as a finance team for high-net-worth middle-market business owners.
  • Flex provides a 60-day interest-free credit card requiring no credit check for business expenses.

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Funding

Total Funding

$493.2M

Above

Industry Average

Funded Over

9 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$70M
Flex
$100M
ClickUp

Benefits

Remote Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

0%
The Biz Newz
Jul 16th, 2026
Flex gets $70 million to grow personal finance and business banking.

Flex gets $70 million to grow personal finance and business banking. July 16, 2026 Flex has raised $70 million in a new funding round. The money will help the company grow its business and build new tools for business owners. Flex is a business banking company based in California. It helps people manage both their business money and their personal finance in one place. The company also gives banking, payments, credit and accounting tools. Flex said it will use the new money to grow its team. It plans to increase its workers from 110 to more than 200 by the end of the year. The company also started a new service called Flex Global. This service lets users send and get money across many countries. It supports 32 money types and works in 76 countries. It also uses stablecoin technology in the background to help make payments faster. Customers do not need to know how the technology works. Flex says it now handles more than $10 billion in yearly payment volume. The company also says its business is growing four times faster than last year. With Flex Global, the company wants to compete with other business finance firms like Brex and Ramp. Flex hopes to become the main banking partner for business owners who work in many countries. The new funding shows that many investors believe Flex can keep growing. The company wants to make it easier for business owners to manage all their money in one simple place.

Atlar
Mar 2nd, 2026
Flex Chooses Atlar for AI-Native Treasury Management

Flex chooses Atlar for AI-Native treasury management. US-based Flex, the financial platform for business owners, has selected Atlar for AI-powered cash management and payments, with a native integration to its ERP, Campfire. Flex is one of the fastest-growing financial platforms in the US. Headquartered in San Francisco, the company is building an AI-Native Private Bank for Business Owners - unifying the entire lifecycle of money for business owners, spanning private credit, business banking, expense management, payments, and personal finance. Flex has raised over $100 million in total equity funding, including a recent $60 million Series B, and has grown revenue 4x year-over-year. The company joins a growing number of US-based companies selecting Atlar, as the platform expands across the Atlantic. A challenge shaped by speed and complexity. Operating a financial platform at Flex's scale means the finance team needs to know exactly where cash is at all times. With a business model that requires constant cash positioning, the team was spending significant time each day manually monitoring balances across dozens of banking and payment accounts with no unified view. Compliance added another layer of complexity: all payments required at least two levels of approval, but not all of the team's bank portals supported this, leaving gaps that had to be managed manually. Why Flex chose Atlar. Flex selected Atlar to bring all of these accounts into a single view with the controls the team needed, including a native integration with Flex's ERP, Campfire. "We needed a treasury platform that could keep up with the pace we operate at. Atlar gives us a consolidated view across all of our accounts and the real-time visibility we were missing." - Brian Ehrlich, Senior Director of Finance and Accounting at Flex. "Having real-time visibility, automated reconciliation, proper approval workflows, and a full audit trail in one place means less time on manual checks and more time on the work that moves the needle." - Jacob Martin, Controller at Flex. Atlar is proud to welcome Flex to Atlar, and excited to support the team as they scale. Get started. Want to learn more about Atlar? Book a demo or get in touch. Atlar'd be happy to show you why fast-scaling companies like Flex choose Atlar. Louis Emmerson Get new insights and guides in your inbox, monthly You can unsubscribe anytime. Most recent. March 2, 2026 Why Your NetSuite Setup Is Incomplete Without Bank Connectivity Most companies automate accounting in NetSuite but still move cash manually. Connecting your banks to your ERP closes that gap. February 11, 2026 Introducing AI Agents for Treasury Atlar is launching AI agents for treasury: autonomous workflows for cash positioning, payments, reconciliation, and forecasting, built on the full breadth of your financial data. Bank Connectivity February 10, 2026 Bank Account Management in Atlar: FBAR Reporting and Signatory Tracking Atlar now includes FBAR reporting and signatory tracking, built on the same bank connectivity that powers your cash management and payments. January 8, 2026 How AI Is Changing Bank Reconciliation AI-powered bank reconciliation is quickly replacing manual spreadsheet matching, shrinking month-end close from days to hours or minutes. Customer stories December 9, 2025 How Mangopay Unlocked €20M in Idle Cash and Achieved a 6.1x ROI With Atlar Atlar has given Mangopay a treasury foundation that matches the scale of its business: secure, efficient, and forward-looking. Read about their journey. Customer stories December 4, 2025 How Liberis Saved 1,600 Hours a Year and Turned Treasury Into a Strategic Advantage With Atlar Liberis wanted a treasury function that matched the scale and pace of its business. With Atlar, it gained efficiency and control to support its next phase of growth.

Flex
Dec 5th, 2025
Flex Raises $60M Series B to Scale AI-Native Finance

Flex raises $60M Series B to scale its AI-native private bank for high-net-worth business owners.

Startup 365
Dec 4th, 2025
Flex raises $60M Series B equity round to scale its AI native "private bank" for high-net-worth business owners

Flex raises $60M Series B equity round to scale its AI native "private bank" for high-net-worth business owners. Flex raises $60M Series B equity round to scale its AI native "private bank" for high-net-worth business owners discover more chai edtech tea drinks drink beverage crowdfunding masala chai crypto cardamom flex raises $60M Series B equity round to scale its AI native "private bank" for high-net-worth business owners. Flex has closed a $60 million Series B equity round led by Portage Ventures, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion. as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. San Francisco, Dec. 04, 2025 (GLOBE NEWSWIRE) - Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances.

Axios
Sep 2nd, 2025
Flex raises $15M for HSA/FSA payments

Flex has raised $15 million in Series A funding to enhance its platform that allows online retailers to accept HSA and FSA payments, as reported exclusively by CEO Sam O'Keefe to Axios.

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