Flex, an AI finance startup, has raised $70 million in a funding round led by Halo Fund, a venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney. The company’s valuation has doubled to around $1.2 billion, according to a person close to the deal.

Expanding Globally

Flex will use the new funds to expand globally, increase marketing, and more than double its headcount to over 200 by year-end. The company has already onboarded a few thousand customers and is growing roughly four-fold year-over-year at a nine-figure annualized revenue run rate.

Flex offers AI agents, including Beacon AI, which give business owners a weekly read on their finances. The company has also launched Flex Global, a service that uses stablecoins to move money across more than 100 countries in minutes, and lets business owners hold 32 currencies.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.