Fintech Flex Raises $70 Million, Launches Stablecoin Cross-Border Payments

Flex is a U.S. fintech company that provides business banking services to high-net-worth business owners, including corporate cards, expense management and treasury services. As traditional cross-border payments remain costly and slow, more fintech companies are turning to stablecoin settlement rails. Flex’s combination of a major fundraising round and a move into stablecoin-based cross-border payments reflects capital-market interest in the “business banking plus stablecoins” model. It is also the latest example of stablecoins expanding beyond crypto markets into mainstream corporate finance.

Flex recently announced that it had raised $70 million in a Series B1 round, valuing the company at $1.2 billion. It also launched Flex Global, a new service that will use stablecoin rails to settle cross-border transactions. The service is designed to help its high-net-worth business-owner clients make and receive international payments at lower cost and in less time, formally adding stablecoin infrastructure to Flex’s product lineup.