Flex Raises $60 Million to Expand Finance Tools for Mid-Sized Businesses

The latest investment, first reported by Reuters, brings Flex’s total funding to $105 million. Backers say the company is positioned to fill a long-standing gap in financial services for companies too large for basic tools but too small to attract enterprise-level support.

Flex's platform is for companies that make between $2 million and $100 million a year. These are businesses that have trouble getting personalized advice or current financial products from regular banks.

The company offers a range of financial services, including expense management, credit access, payment tools and real-time financial monitoring, giving businesses a more streamlined way to manage their operations.

Flex plans to use the new capital to expand its workforce, strengthen product development and introduce additional services aimed at improving financial operations for growing companies.

Industry watchers note that the demand for updated financial systems has been rising as more U.S. businesses move away from manual accounting and look for technology that provides clearer insight into spending and cash flow.

Investors say the mid-market segment remains one of the least modernized areas of the U.S. business economy, leaving room for financial technology companies like Flex to establish themselves as key service providers.

Flex also expects to expand its partner network, making its tools available to more lenders, payment providers and business service companies.

Analysts suggest that Flex’s latest round of funding will help it compete more directly with established financial software firms that are beginning to target the mid-market space.

The company’s long-term growth is likely to be driven by increased demand for digital financial operations, better access to credit and a shift toward centralized financial management systems.

With new funding in place, Flex is expected to accelerate its expansion and solidify its position in a market seeking more efficient and dependable financial services.

Flex’s New Funding Highlights Growing Demand for Modern Business Finance Tools

The latest investment round strengthens Flex’s plan to deliver more accessible and dependable financial services to mid-sized businesses across the United States.

Analysts say the round underscores a broader shift among U.S. companies toward updated financial systems and more reliable digital tools for managing day-to-day operations.