Flex, a Brex for business owners, has raised $25M at a $250M valuation

AI Analysis

Flex, a provider of personal finance software and payments infrastructure for businesses, has secured a significant funding boost. The company has raised $25 million in equity funding, valuing it at "just under $250 million". This new investment builds on the success of its previous round, which was announced in September and valued the company at around $100 million.The additional funding will likely be used to further develop Flex's offerings and expand its reach within the market. However, the details of this deal are yet to be made public, so it is unclear exactly how much more capital the company has secured or what specific plans are in place for its use.The securing of a $200 million credit facility also underscores the confidence that investors have in Flex's ability to execute on its strategy. This new debt facility will provide the company with access to additional funding if needed, but it is unclear whether this will be used to fuel further growth or to manage working capital.

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Original Article

Flex, which offers personal finance software and payments infrastructure for business owners, has raised $25 million in equity funding while securing a $200 million credit facility, it told TechCrunch exclusively. The equity funds were raised at a valuation of “just under $250 million.” The company last raised a $20 million Series A announced in September […]

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