Flex, a Brex for business owners, has raised $25M at a $250M valuation

Flex, which offers personal finance software and payments infrastructure for business owners, has raised $25 million in equity funding while securing a $200 million credit facility, it told TechCrunch exclusively.

The equity funds were raised at a valuation of “just under $250 million.” The company last raised a $20 million Series A announced in September 2023.

Flex was officially formed in 2022 by CEO Zaid Rahman after evolving from being a construction platform (operating under the name Flexbase Technologies) to a fintech for business…