Flex

Financial Software · New York, NY · Founded 1999 · Privately Held (backing)

Developer of an online financial platform designed to pay and receive rent as scheduled. Flex is based in New York, NY and was founded in 1999. It was valued at $1.9 billion at its later-stage round in Apr 2021, the last priced event on record. It has raised $424 million across 3 recorded rounds; the latest was a $46.6 million later-stage round in Apr 2021.

PMV mark · valuation
$1.9B
Oct 2026
Priced at
its later-stage round
Apr 2021
Total raised
$424.4M
Last round
Later Stage VC
Apr 2021

Flex key facts

as of Oct 2026
  • Developer of an online financial platform designed to pay and receive rent as scheduled.
  • Flex is valued at approximately $1.9B as of Oct 2026, set at its later-stage round, Apr 2021; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $424.4M across 3 recorded rounds; the latest was Later Stage VC ($46.6M) in Apr 2021.
  • Notable investors include Matrix, Tiger Global Management, Global Founders Capital, Coatue Management, Citi Ventures — 19 tracked in total.
  • 5 institutional filers report fund marks on Flex across 29 filings.
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$1.9B

Valued at $1.9B at its later-stage round, Apr 2021. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Institutional fund marks on Flex

5 filers · latest Jul 2026

5 SEC-registered funds reported 29 fair-value marks on Flex between May 2025 and Jul 2026. Filer-level marks and implied $/share are available to Pro members.

Unlock 29 fund marks

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Every name the funds mark, next to where it trades →

Flex funding rounds

3 rounds
Apr 2021Later Stage VC$46.6M▮
Sep 2020Later Stage VC$12.7M▮
Oct 2019Seed Round$5.0M▮

Flex valuation

Flex was valued at $1.9 billion at its later-stage round in Apr 2021. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

Recent activity

In the last 90 days, Flex's record added 3 institutional fund marks (latest period Jul 2026).

How much has Flex raised?

Flex has raised $424 million in total; 3 of its rounds are on record, from 2019 on. The largest on record was a $5 million seed round in Oct 2019; the most recent was a $46.6 million later-stage round in Apr 2021.

Institutional holders and vehicles

5 SEC-registered funds reported 29 fair-value marks on Flex between May 2025 and Jul 2026, in their N-PORT filings. Filer-level marks and implied per-share values are available to Pro members.

Flex investors

19 investors are on record for Flex, including Matrix, Tiger Global Management, Global Founders Capital and Coatue Management. By type, the record holds 12 venture capital firms, 1 private equity firm and 1 growth equity firm. The later-stage round in Apr 2021 drew 3 investors.

Comparable companies

Comparable financial software names by valuation on PrivateMarketView: Clip ($2 billion), Rain (Financial Software) ($1.9 billion) and Rain (New York) ($1.9 billion).

About Flex

Developer of an online financial platform designed to pay and receive rent as scheduled. The company's platform assists users in paying their rent according to their preferred schedule over the month, instead of on the first date, which eliminates late fees, avoids overdrafts and improves monthly budgeting, enabling rentpayers to arrange and manage their finances and allowing landlords and property managers to simplify their monthly rent collection process.

Industry
Financial Software
Sector
Information Technology
HQ
New York, NY, United States
Founded
1999
Employees
400
Ownership
Privately Held (backing)

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