About FlexM
FlexM is a company based in Singapore (Singapore) founded in 2015 by Naveed Weldon.. FlexM has raised $13.37 million across 3 funding rounds from investors including MatchMove and 6G Digital Sweden. The company has 94 employees as of April 03, 2024. FlexM offers products and services including FlexBank, FlexPay, FlexRemit, and FlexComply. FlexM operates in a competitive market with competitors including YouTrip, MoneyGram, Skrill, Jenji and CarePay, among others.
- Headquarter Singapore, Singapore
- Employees 94 as on 03 Apr, 2024
- Founders Naveed Weldon
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Flexm Private Limited
- Date of Incorporation 17 Dec, 2019
- Jurisdiction Ernakulam, Kerala, India
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Annual Revenue
$246.54 K (USD)2693.58as on Mar 31, 2022
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Net Profit
$28.91 K (USD)3605.13as on Mar 31, 2022
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EBITDA
$40.63 K (USD)3584.5as on Mar 31, 2022
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Total Equity Funding
$13.37 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
MatchMove
& 1 more
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Employee Count
94
as on Apr 03, 2024
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Products & Services of FlexM
FlexM offers a comprehensive portfolio of products and services, including FlexBank, FlexPay, FlexRemit, and FlexComply. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for launching digital banking and financial services.
Embeds finance and payments into business customer journeys.
Cloud-based system for secure money transfer operations.
System to automate regulatory compliance and risk workflows.
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Sales and Marketing
3 people
Leadership Team
2 people
Head Team
1 people
Software Development Team
1 people
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Funding Insights of FlexM
FlexM has successfully raised a total of $13.37M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(15 Nov 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Seed - FlexM | Valuation |
investors |
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| Mar, 2024 | Amount | Series A - FlexM | Valuation |
investors |
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| Nov, 2016 | Amount | Seed - FlexM | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FlexM
FlexM has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include MatchMove and 6G Digital Sweden. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Cross-border remittance solutions are offered for businesses through cloud-based ecosystems.
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Founded Year | Domain | Location | |
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White-label mobile wallets are offered to businesses for payments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FlexM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FlexM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flexm Comparisons
Competitors of FlexM
FlexM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as YouTrip, MoneyGram, Skrill, Jenji and CarePay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
NFC-enabled travel cards and wallets are provided for travelers.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Online payments and digital wallet services are facilitated internationally.
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| domain | founded_year | HQ Location |
AI-based expense management software is offered for businesses.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flexm
Frequently Asked Questions about FlexM
When was FlexM founded?
FlexM was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is FlexM located?
FlexM is headquartered in Singapore, Singapore.
Who is the current CEO of FlexM?
Naveed Weldon is the current CEO of FlexM. They have also founded this company.
Is FlexM a funded company?
FlexM is a funded company, having raised a total of $13.37M across 3 funding rounds to date. The company's 1st funding round was a Seed of $866K, raised on Nov 15, 2016.
How many employees does FlexM have?
As of Apr 03, 2024, the latest employee count at FlexM is 94.
What is the annual revenue of FlexM?
Annual revenue of FlexM is $246.54K as on Mar 31, 2022.
What does FlexM do?
Founded in 2015 in Singapore, FlexM operates in the fintech sector, focusing on expense management and bill payment tools. Virtual wallets, virtual cards, and reloadable prepaid MasterCards are provided to employees and consumers for top-ups, transaction tracking, and transfers. Services include bill payments, in-store and online purchases via prepaid cards, e-commerce virtual cards, and corporate expense cards for staff, vendors, and consultants.
Who are the top competitors of FlexM?
What products or services does FlexM offer?
FlexM offers FlexBank, FlexPay, FlexRemit, and FlexComply.
Who are FlexM's investors?
FlexM has 2 investors. Key investors include MatchMove, and 6G Digital Sweden.
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