Flex
Started 2022 as a business credit card, now 'AI-native private banking' for mid-market owners — hit unicorn in July 2026 as Flex Global put invisible stablecoin rails under cross-border payments in 100+ countries.
AI-native private banking for business owners; Flex Global moves money in 100+ countries on stablecoin rails.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Partner banks (Column, Lead, Thread).
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Flex’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid · SMB & startups |
| HQ | San Francisco, US |
| Founded | 2022 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | Partner banks (Column, Lead, Thread) |
| Card | Visa · Business charge + credit |
| Cashback | Cashback + points |
| Yield | Up to ~2.5% APY on idle cash |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | North America |
| Countries | United States |
| Founders | Zaid Rahman |
| Funding | ~$180M equity + $300M debt (val ~$1.2B) |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @FlexSuperApp ↗
Common questions about Flex
What is Flex?
Flex is a fiat-and-crypto neobank built for SMB & startups, headquartered in San Francisco, US and founded in 2022. Your money is held custodially, so Flex or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (Partner banks (Column, Lead, Thread)).
Does Flex have a card, and where can you use it?
It issues a Visa business charge and credit card. It is available in North America.
Does Flex require KYC?
Yes. Flex requires identity verification (KYC) to open an account, as a partner-bank model.
What does Flex cost?
From the verified fields: cashback Cashback + points; yield Up to ~2.5% APY on idle cash. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Flex before relying on them.
Early investors
Head-to-head
Flex vs Meow · Flex vs Slash · Flex vs Dolafy
Peers
Revolut · Cash App · Mogo · Venmo · Robinhood · Crypto.com
Flex appears in
Neobanks running on someone else’s banking license (82) · Neobanks available in North America (127) · Neobanks for small businesses and startups (33) · Neobanks that issue a Visa card (183) · Neobanks in United States (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.