# Flex Raises $70M Led by Halo Fund to Scale AI-Native Private Banking for Global Business Owners

Page: https://stenobird.com/podcast/society-tech-brief-by-hackernoon-6365655/flex-raises-70m-led-by-halo-fund-to-scale-ai-native-private-banking-for-global-business-owners
Text version: https://stenobird.com/podcast/society-tech-brief-by-hackernoon-6365655/flex-raises-70m-led-by-halo-fund-to-scale-ai-native-private-banking-for-global-business-owners.md
Podcast: [Society Tech Brief By HackerNoon](https://stenobird.com/podcast/society-tech-brief-by-hackernoon-6365655)
Published: 2026-07-15T16:00:38+00:00
Episode link: https://share.transistor.fm/s/963bab80
Audio file: https://media.transistor.fm/963bab80/3c6e54b4.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/society-tech-brief-by-hackernoon-6365655/episodes/flex-raises-70m-led-by-halo-fund-to-scale-ai-native-private-banking-for-global-business-owners
Duration seconds: 1743

## Resource

This story was originally published on HackerNoon at: https://hackernoon.com/flex-raises-$70m-led-by-halo-fund-to-scale-ai-native-private-banking-for-global-business-owners . Flex raises $70M led by Halo Fund at a reported $1.2B to scale its AI-native private bank for middle-market business owners and launch Flex Global. Check more stories related to society at: https://hackernoon.com/c/society . You can also check exclusive content about #flex , #halo-fund , #stablecoins , #good-company , #web3 , #artificial-intelligence , #portage , #startup-funding , and more. This story was written by: @ishanpandey . Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com . Flex raised $70 million in a Series B1 led by Halo Fund, the $1 billion Utah vehicle co-founded by Qualtrics founder and Utah Jazz owner Ryan Smith with Accel's Ryan Sweeney. Portage, Wellington, Crosslink Capital, 53 Stations, Titanium Ventures, Spice and Florida Funders joined. Reuters sources the valuation at roughly $1.2 billion. Annualised payment volume crossed $10 billion, roughly 4x year on year. Revenue is up 3x since December 2025, on a nine-figure run rate. Total equity is now $180 million against $300 million of debt. Flex is the cheapest fast-growing asset in business finance. At a nine-figure run rate, $1.2 billion implies roughly 5 to 10 times revenue. Ramp trades at 29 to 44 times. Airwallex at 8.5. Mercury at 8. Flex is growing faster than all three and priced below all three. Its take rate is the highest in the peer set. Flex earns 1.0% to 2.5% per dollar moved. Airwallex earns 0.45%. Mercury earns 0.26%. That is what a multi-product owner relationship buys. Flex Global launches stablecoin settlement in 100+ countries, multi-currency…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/society-tech-brief-by-hackernoon-6365655/episodes/flex-raises-70m-led-by-halo-fund-to-scale-ai-native-private-banking-for-global-business-owners/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/society-tech-brief-by-hackernoon-6365655/flex-raises-70m-led-by-halo-fund-to-scale-ai-native-private-banking-for-global-business-owners.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.