Flex, a specialty finance fintech company that focuses on mid-market business owners, raised $25 million of equity with a valuation of slightly under $250 million. It also raised a $200 million credit facility. Founded by Zaid Rahman in 2022, Flex is an end-to-end finance platform that unifies business and personal expense management, artificial intelligence-based underwriting, and invoice automation, supporting owner-operated businesses that have traditionally been underserved by big fintech players like Brex and Ramp. With rapid growth – over $1 billion of annualized payment volume in 18 months – Flex is doubling its AI and B2B payments teams and projecting a 5x revenue increase in 2025.

Flex, a Brex for Business Owners, Has Raised $25M at A $250M Valuation