Flex Raises $70M Led by Halo Fund to Scale AI-Native Private Banking for Global Business Owners
Every year, the owners of the world's middle-market companies surrender somewhere between two and five per cent of every dollar they move across a border to a system that was designed for banks and was never designed for them. It is not lost to fraud. It is not the product of a badly negotiated banking relationship. It evaporates in the space between the invoice and the settlement, inside FX markups that never appear as a line item, inside correspondent bank deductions taken silently while the money is in transit, and inside working capital trapped for three to five days in a clearing architecture that nobody has owned end-to-end since SWIFT was designed in 1973.
Flexbelieves that gap, and the far larger gap sitting beside it, is the last unclaimed category in business finance. The San Francisco company announced this morning a $70 million Series B1, led by Ryan Smith...
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