Flex provides an AI-native financial platform integrating business banking, credit, expense management, and global payments for business owners. The platform automates accounts payable and receivable processes while offering flexible credit terms like Net-60. It aims to unify business and personal financial management into a single ecosystem for operational optimization.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+11Founders
Product
Problem
Many businesses struggle with fragmented financial tools, leading to inefficiencies in managing cash flow, tracking expenses, and accessing credit. Traditional systems often require juggling multiple platforms, resulting in wasted time and potential errors.
Solution
Flex provides a unified financial platform designed to streamline business operations by integrating banking, expense management, and credit services into a single, user-friendly system. The platform offers features such as net-60 payment terms on all purchases, enabling businesses to optimize their cash flow. Additionally, users can earn up to 3.6% APY on idle cash balances, maximizing returns on their assets. Flex also automates expense categorization and provides real-time financial tracking, giving businesses greater visibility and control over their finances.
Target Audience
The primary target audience includes small to medium-sized businesses (SMBs) and entrepreneurs seeking a comprehensive financial management solution to streamline their operations and improve cash flow.
Features
- Net-60 payment terms on all business purchases, providing extended payment flexibility
- High-yield banking accounts offering up to 3.6% APY on idle cash balances
- Real-time financial tracking and reporting for up-to-date insights into business performance
- Automated expense categorization to simplify bookkeeping and reconciliation
- Free domestic ACH and wire transfers for efficient money movement
- Employee debit cards with 1% cashback on all purchases
- Integration with Thread Bank's deposit sweep program, providing up to $3M in FDIC insurance