California-based fintech company Flex has raised $70 million in a B1 funding round led by Halo Fund, according to Forbes. The company said the fresh capital is intended to support business expansion. Flex operates Flex Global, a stablecoin-based cross-border banking platform that offers multi-currency accounts covering 32 currencies across 170 countries and regions. The report also outlined the company’s client profile: Flex mainly serves businesses with annual revenue ranging from $3 million to $200 million, with a concentration in the construction, wholesale, and import-export sectors. The funding and customer details point to Flex’s focus on serving internationally active mid-market companies through stablecoin-enabled financial infrastructure.
California-based fintech company Flex has raised $70 million in a B1 funding round led by Halo Fund, according to Forbes. The company said the proceeds will be used to expand its business.
Flex Global, the company’s stablecoin-based cross-border banking platform, offers multi-currency accounts that support 32 currencies across 170 countries and regions.
Forbes said Flex’s core customers generate between $3 million and $200 million in annual revenue and are mainly concentrated in the construction, wholesale, and import-export sectors.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
