# Flex

> Flex is an AI-native private banking platform for high-net-worth, middle-market business owners. It bundles credit, business and personal banking, payments, AP automation, expense management, and ERP-style tooling into a single super app aimed at owner-operators of $3M-$100M revenue companies.

- **Founded:** 2022
- **Headquarters:** San Francisco, California, United States
- **Founders:** Zaid Rahman (Founder & CEO)
- **Team size:** ~140
- **Products:** Flex Credit Card, Flex Business Banking, AP Automation, International Payments, Expense Management
- **Notable:** Raised ~$490M total funding across equity and debt by late 2025, Grew annualized payments volume from $1B to $3B in twelve months, Grew revenue 4x year over year leading into Series B

## Products & services

- **Flex Credit Card** — Net-60 charge card for business expenses with up to 1.75% cashback, custom spend controls, and unlimited virtual and physical cards for employees.
- **Flex Business Banking** — Zero-fee business checking with up to 2.47% APY on idle cash, FDIC insurance up to $3M via Thread Bank, free ACH and wires.
- **AP Automation** — AI-assisted accounts-payable workflows: bill capture, approvals, batch payments and reconciliation.
- **International Payments** — Send and receive USD wires for free; pay vendors in up to 32 currencies across 180 countries at a flat 1% FX fee.
- **Expense Management** — Receipt collection, real-time tracking and policy controls powered by AI.
- **Flex Elite** — Concierge banking and private credit tier for high-net-worth owner-operators.

## Achievements

- Raised ~$490M total funding across equity and debt by late 2025
- Grew annualized payments volume from $1B to $3B in twelve months
- Grew revenue 4x year over year leading into Series B
- Built a 140-person team headquartered in San Francisco's Ferry Building

## Latest updates

- **2025-12** — Closed $60M Series B led by Portage to scale AI-native private banking.
- **2025** — Earlier in 2025, raised $200M debt facility and $25M equity to expand credit programme.
- **2023-10** — Announced $120M Series A (equity + debt) led by Florida Funders, with Home Depot Ventures.

## Links

- Website: https://flex.one
- LinkedIn: https://www.linkedin.com/company/flex-super-app
- Twitter/X: https://twitter.com/flexsuperapp
- Facebook: https://www.facebook.com/flexsuperapp/

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Profile page: https://yespress.io/flex
Published by YesPress — https://yespress.io
Last updated: 2026-05-29