AI Banking Platform Flex Secures $1.2 Billion Valuation

Flex , a 3-year-old startup offering artificial intelligence-powered banking solutions for medium-sized business owners, was valued at $1.2 billion in a funding round, Reuters reported Tuesday (July 14), citing an unnamed source. The B1 round more than doubled Flex’s valuation from six months ago, according to the report. Flex did not immediately reply to PYMNTS’ request for comment.