Flex Analysis: $4M Raised
What is Flex?
Flex provides a payment solution for businesses to accept HSA/FSA payments, enhancing customer attraction and increasing revenue through health-related purchases.
Employees
8
Founded
2023
Revenue
$25.58B - $26.42B
Product Features & Capabilities
- HSA/FSA payment solutions, health and wellness products, fitness memberships, ecommerce solutions, HSA/FSA eligible products, pre-tax savings options.
Pricing
- Monthly membership fee: $14.99
- Bill payment fee when using a debit card: 1% of total rent
- Bill payment fee when using a credit card: 3.5% of total rent (includes card processing fee)
How much Flex raised
Seed Round - $4 million
September 2017Lead Investor: Not specified in the source.
Market Focus
Flex primarily focuses on the health and wellness industry, specifically providing solutions for businesses to accept Health Savings Account (HSA) and Flexible Spending Account (FSA) payments, thereby facilitating health-related purchases.
Investors
- Titanium Ventures
- Companyon Ventures
- Florida Funders
- Victory Park Capital Advisors
- Citi Ventures
- HOF Capital
- Novirian Capital
- Detroit Venture Partners
- Hanaco Ventures
Business Model
Subscription-based model charging businesses for HSA/FSA payment processing services and integrations.
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