Flex, which offers AI-based financial services, credit, and more to mid-sized companies, raised a $60M Series B led by Portage, source says at a $500M valuation (Aditya Soni/Reuters)
PositiveArtificial Intelligence
- Flex, an AI startup focused on providing financial services and credit solutions to mid-sized companies, has successfully raised $60 million in a Series B funding round led by Portage, achieving a valuation of $500 million. This funding will enhance its offerings and expand its market presence.
- The capital infusion is significant for Flex as it positions the company to further develop its AI-driven financial tools, catering specifically to the needs of mid-sized businesses, which often lack tailored financial solutions.
- This development reflects a growing trend in the AI sector, where startups are increasingly attracting substantial investments to innovate financial technologies, paralleling other successful funding rounds in the industry, such as those seen with Maxima and Harmonic, which also focus on automating business processes.
— via World Pulse Now AI Editorial System
