BlockBeats News, July 14th - According to Forbes, California-based financial technology company Flex announced the completion of a $70 million Series B1 funding round led by Halo Fund. Flex's stablecoin-powered cross-border banking platform, Flex Global, currently offers users multicurrency accounts covering 32 currencies in 170 countries.

Flex's target customers are medium-sized enterprises with annual revenues ranging from $3 million to $200 million, spanning the construction, wholesale, and cross-border trade sectors. These businesses typically rely on numerous back-office tools and incur substantial international remittance costs. Flex aims to assist globally operating business owners in consolidating multicurrency accounts and cross-border financial services through a unified platform.