Halo Fund

Flex

2026-07-18 07:23:07

Flex doubles valuation to $1.2 billion in seven months as it builds stablecoin and AI tools for mid-sized businesses

Flex has raised $70 million in a Series B1 round led by Halo Fund, lifting its valuation to about $1.2 billion just seven months after it was valued at roughly $600 million in its December 2025 Series B. The company said the new capital will support global expansion, with a particular focus on rolling out Flex Global. Flex targets owners of mid-sized, high-net-worth businesses with annual revenue between $3 million and $200 million, especially in construction, wholesale, and import-export. Its pitch is an AI-native private banking and financial operations platform that combines business finance, personal finance, private credit, payments, and ERP connectivity. At the center of that system is Flex Global, which uses stablecoins as a back-end payment rail so users can move money across borders without directly handling wallets. The company said it now supports stablecoin payments and wallet services in more than 100 countries, offers multi-currency accounts across 76 countries and 32 currencies, and has expanded private credit to more than 20 countries. After the latest round, Flex reported annualized revenue had tripled from the prior financing, annualized payment volume had exceeded $10 billion, and stablecoin transaction volume had surpassed $1 billion. The firm also said it has no plans for a native token and no public tokenomics model.

1210

Flex

2026-07-16 11:57:00

Flex raises $70 million in B1 round led by Halo Fund for stablecoin-based cross-border banking platform

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 new capital is intended to support further business expansion. Flex operates Flex Global, a stablecoin-based cross-border banking platform that offers multicurrency accounts covering 32 currencies across 170 countries and regions. The report said Flex’s core customer base includes companies with annual revenue ranging from $3 million to $200 million. Those customers are concentrated mainly in the construction, wholesale, and import-export sectors. The funding highlights investor interest in financial infrastructure that uses stablecoins to support cross-border banking and payments for businesses.

1980

Flex

2026-07-16 11:58:58

California fintech firm Flex raises $70 million in B1 round led by Halo Fund

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.

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