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Flex profile

Who owns Flex?

hybrid · San Francisco, US · Partner-bank model · custody: Custodial

short answerFlex is not itself a bank. It runs on a partner-bank (BaaS) model and works with Column, Lead Bank and Thread Bank — the licensed banks that actually hold customer deposits behind the app. Flex's most notable disclosed backers include Halo Fund, Portage Ventures, Crosslink Capital and Wellington Management.

Is Flex a licensed bank?

No — a partner bank (Column, Lead Bank and Thread Bank) holds the money. Licence detail: Partner banks (Column, Lead, Thread).

Where is your money held?

Custody model: Custodial.

Flex runs on: Column (BIN sponsor bank) · Lead Bank (BIN sponsor bank) · Thread Bank (BIN sponsor bank). Full stack on the infra map.

Who's behind Flex?

Flex was founded by Zaid Rahman (2022), headquartered in San Francisco, US.

Early investors

Notable venture and strategic investors from Flex's publicly disclosed funding rounds (~$180M equity + $300M debt (val ~$1.2B)).

Halo Fund ↗ Portage Ventures ↗ Crosslink Capital ↗ Wellington Management ↗ Titanium Ventures ↗

Is my money safe with Flex?

Your money is held by Column, Lead Bank and Thread Bank, so any deposit insurance flows through that sponsor bank — not Flex itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.

go deeperSee the full Flex profile with every verified field, or Flex alternatives. Raw fields: data.json.

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.