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Flex Finance

company

About

Flex is a Spend management and corporate cards platform for businesses in Africa

  • 11 - 50

Highlights

Total Funding Amount
$500K
Funding Rounds
2
Investors
3

Details

Last Funding Type
Pre-seed
Last Funding Money Raised
$500K
Industries
B2B,Financial Services,FinTech,Mobile Payments
Founded date
Aug 1, 2019
Number Of Employee
11 - 50
Operating Status
Active

Due to poor financial management, 9 out of 10 businesses in Africa will die before their 5th birthday.
The problem persists as there is no Spend management platform to help these businesses manage their finances.
Leaving them at the mercy of outdated processes
Businesses in Africa have high digital literacy and are willing to adopt digital tools to help them manage their finances.
Flex is a spend management platform that helps businesses in Africa manage their spending via mobile, web and corporate cards.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$500K
Flex Finance has raised a total of $500K in funding over 2 rounds. Their latest funding was raised on May 17, 2022 from a Non-Equity Assistant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 17, 2022 Non-Equity Assistant — 1 Google for Startups — Detail
Dec 3, 2021 Pre-seed $500K 2 — — Detail

Investors

Number of Lead Investors
Number of Investors
1
3
Flex Finance is funded by 3 investors. Google for Startups and EXPERT DOJO are the most recent investors.
Investor Name Lead Investor Funding Round
Google for Startups Yes Non-Equity Assistant
EXPERT DOJO — Pre-seed
Paradox Capital — Pre-seed
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