Flex raises $70M at $1.2B valuation for AI-native private banking

On July 14, 2026, US‑based fintech startup Flex said it raised $70 million in a Series B1 round led by Halo Fund, lifting its valuation to around $1.2 billion according to a person close to the deal. Flex uses AI agents, including a product called Beacon AI, to offer an integrated banking and credit platform for mid‑sized business owners and simultaneously launched its cross‑border product Flex Global.