FlexM lands Series A to scale cross-border payments platform
What's the deal? FlexM, a Singapore-based Fintech-as-a-Service company, has secured Series A funding from Singapore's 24 Hermes VCC (Hermes III). The investor is taking a 10% equity stake and becoming FlexM's joint-venture partner for planned payment and digital-asset operations in Dubai and India.
What's the endgame? FlexM builds the infrastructure behind international payments. Its FlexBiz platform lets businesses manage multi-currency accounts, bulk payments, and API integrations, while its FlexComply system handles onboarding, KYC/KYB, sanctions screening, and regulatory reporting.
The pitch: one system instead of several. "Companies don't want five different systems to solve five different parts of the same problem," said chief executive officer and co-founder Naveed Weldon.
What's the expansion? FlexM holds payment licences in Singapore and Canada and is applying for licences in the UAE and India. Under the deal, 24 Hermes VCC will fund agreed licensing costs and contribute working capital, while FlexM scales across four international hubs.
Why now? FlexM considers itself fully funded for its current operating and expansion plans. It expects annual growth of 200% in global cross-border payment corridors.
What makes this different? The investors bring more than capital — they are expected to contribute transaction volume and market access, giving FlexM an entry point into global e-commerce and trading.
"We wanted industrial partners who can help create business, transaction volume and access to new markets," said Rune Nilsson, founder and executive chairman. "We now have that."
The signal: Cross-border payments remain fragmented, forcing businesses to juggle multiple banks, currencies, and compliance systems to move money. FlexM is betting that bundling payment rails and compliance into one platform — backed by partners who can supply volume — is the way to win share in the global market.
Read more: hft.einnews.com
Image credit: Generated with Gemini
