Flex (Flex Global)

Flex Global extends Flex's private banking platform beyond the United States to business owners operating across borders, bundling multi-currency accounts, credit cards, cross-border payments, and stablecoin rails into a single stack. The launch spans 170 plus countries, 32 currencies, 24 products, and 2% cashback on card spend, aimed squarely at owner-operators of middle-market businesses who juggle payroll, vendors, and personal finances in multiple jurisdictions. Flex is targeting a customer segment it describes as middle-market business owners, one of the most important and underserved customers in finance globally. The timing follows three years of US traction and a fresh round of capital. Flex raised $70 million in fresh funding at a valuation of about $1.2 billion , and the business has now surpassed $10bn in annualised total payment volume . Under the hood, Flex Global leans on stablecoin infrastructure for fast settlement, paired with multi-currency accounts across 76 countries, supporting 32 currencies from USD to RMB to INR to MXN, so owners can hold, send, and receive in the currencies they actually operate in , plus private credit solutions in 20 plus countries . Flex is led by founder and CEO Zaid Rahman, a Thiel Fellow since 2017 who built the company around serving profitable, owner-operated businesses rather than traditional corporate treasuries. For founders and operators running entities in several countries, the pitch is consolidating what usually requires a patchwork of local banks, FX brokers, and card programs into one account, with the global expansion making it relevant to readers outside the US for the first time.