COLD START / catalog / c/flexretrieved 2026-10-20T02:30 UTC · 20 sources read

Flex

Flex is a finance platform that combines business banking, cards, credit and personal finance for high-net-worth mid-market business owners.

flex.one · San Francisco

CALL NO.CS·FLEX·26

StageSeries B1July 2026 · led by Halo Fund[8][1][4]

Raised$180Mdisclosed rounds[8][5][14]

Headcount110sources disagree, see below[8][7]

Valuationnot publicly disclosedno source in ledger

Founded2022[2][1][5]

Money

Raised $180M across disclosed rounds.[8][5][14]

Series B1 closed July 2026, led by Halo Fund.[8][1][4]

post-money valuation is not publicly disclosed.

Named investors include Halo Fund, Portage, Wellington, Crosslink Capital, Titanium Ventures, 53 Stations, Spice, Florida Funders, Companyon Ventures, Tusk Venture Partners, FirstLook Partners, MS&AD Ventures, Restive Ventures.[8][3][9]

People

Zaid Rahman, Founder and CEO[8][2][4][20][7]

David Toro, General Counsel and Chief Compliance Officer[7][8][20]

Hadi Solh, Co-Founder[7][8][20]

Headcount: sources disagree

110as of Jul 2026

Halo Fund leads $70M investment to accelerate the launch of Flex Global · Oct 2026[8]

Flex · Oct 2026[7]

Signals

Sep 9 2026newsFlex partners with Mesh to let owners fund accounts directly from crypto exchanges and wallets[6]

Jul 14 2026fundingFlex raises $70M Series B1 led by Halo Fund at a reported ~$1.2B valuation[1][8][4][14]

Jul 14 2026launchFlex launches Flex Global, settling cross-border payments on stablecoin rails in 100+ countries with balances in 32 currencies[5][4][8]

May 11 2026launchFlex launches Beacon, a weekly AI-generated private financial read for owners[10][4]

Dec 2 2025fundingFlex raises $60M Series B led by Portage, bringing total equity to $105M[9][3][15]

Nov 3 2025launchFlex launches Flex Capital, revenue-based financing priced off connected sales and banking data company claim, not independently confirmed[11]

Comps

Brex · brex.com · TechCrunch frames Flex as a Brex for business owners, and Flex's CEO likens the offering to Brex and Ramp while targeting mid-market owners rather than enterprises or venture-backed startups. Same buyer budget for business cards, spend and cash management.[2]

Ramp · ramp.com · Named by Flex's CEO as the closest analogue to what Flex sells, with the distinction being owner-led mid-market companies rather than enterprise finance teams.[2]

American Express Centurion · americanexpress.com · Flex Elite is positioned as a direct competitor to Amex Centurion, and Flex claims many customers gave up the Centurion card to switch. Same buyer and same personal card budget line.[3][4]

JPMorgan Private Bank · jpmorgan.com · Runs a Business Owners, Founders & Entrepreneurs practice with UK presence, the incumbent relationship-led alternative Flex Global is entering against in the UK.[5]

Barclays High Growth · barclays.co.uk · Named as an incumbent entrepreneur-focused banking team in the UK market Flex Global is entering; same buyer and same banking relationship.[5]

HSBC Private Bank · hsbc.com · Named as an incumbent serving global entrepreneurs in the UK, the same cross-border owner segment Flex targets.[5]

Risk

The customer proof is company-sourced only. No independent source in this ledger confirms it.[11]

Next question

Ask for one referenceable production customer.

Not a recommendation. The first thing this ledger cannot answer.

Investor Lens

Why care

The case

What to learn next

Pay attention to

How it wins