AI finance startup Flex doubles valuation to about $1.2 billion, source says

Flex raises $70m from Ryan Smith’s Halo fund to take its AI private bank global

Six months ago, Flex raised $60m and called it a Series B. On Tuesday it said it had raised another $70m, and rather than move down the alphabet, it settled on a Series B1. The round was led by Halo, the investment firm set up last year by Qualtrics founder Ryan Smith, who owns the […] This story continues at The Next Web

AI finance startup Flex doubles valuation to about $1.2 billion, source says

July 14 : Flex, an AI startup pitching itself as a one-stop shop for the banking needs of mid-sized business owners, said it raised $70 million in a round led by Halo Fund, a venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney.The company did not disclose its valuation on Tues

Halo Fund leads $70M investment into AI-Native Private Banking Platform Flex to accelerate the launch of Flex Global

The pre-emptive $70 million equity funding comes just six months after the last round as Flex expands its AI-native private banking platform to 100+ countries on stablecoin rails, banking and moving owners’ money globally in minutes, not days. San Francisco, CA — July 14, 2026; Flex today announced a $70 million Series B1, led by Ryan Smith and Ryan Sweeney’s Halo Fund with participation from Portage Ventures, Wellington, Crosslink Capital, 53 S…

Flex doubles valuation to $1.2B in 6 months as $70M Series B1 backs global private banking push for middle-market owners

Flex has seen its valuation more than double to $1.2 billion in just seven months. The $70 million Series B1 round, led by Ryan Smith and Ryan Sweeney’s Halo Fund, was raised just seven months after Flex’s last funding round. Flex says its revenue has tripled since December, as it launches Flex Global, a stablecoin-powered banking service now available in more than 100 countries. Flex, an AI-driven private bank for high-net-worth business owne…

Flex lands another $70M as it bets the future of banking belongs to business owners, not businesses

For decades, banks have asked entrepreneurs to split themselves in two. One login for the company. Another for personal wealth. Different accounts, different advisors, different products. That might make sense on an organizational chart, but it makes far less sense for someone whose business and personal finances are tied together every day. Flex thinks that distinction has become one of the biggest blind spots in financial services. Investors a…