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

Flex secured $70 million in a Series B1 funding round led by Ryan Smith's Halo fund to expand its AI-powered private banking services globally. The company targets middle-market business owners with multi-currency, multi-jurisdiction financial needs, offering cross-border payments and multi-entity account management. Flex aims to grow its headcount from 110 to over 200 by year-end, with total equity raised now at $180 million alongside $300 million in debt.