FlexM Raises Series A Funding from 24 Hermes VCC
Singapore-headquartered Fintech-as-a-Service company FlexM has secured Series A growth funding from 24 Hermes VCC.
24 Hermes VCC is taking a 10 percent equity position and will serve as a joint-venture partner to facilitate FlexM’s expansion into Dubai and India.
FlexM provides a comprehensive global payments platform that integrates payment, remittance, and compliance infrastructure for businesses and financial institutions.
Its product suite includes FlexBiz for business payments, FlexRemit for international remittance, FlexPay for digital payment services, and FlexComply for regulatory and risk management.
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Founded in 2015, FlexM is regulated by the Monetary Authority of Singapore and FINTRAC in Canada.
FlexM Use of Funds
FlexM will use the capital to scale its payment, remittance, and compliance technology across global financial markets.
The funding will support international expansion, including license applications in the UAE and India, while generating new transaction volume and market access through the partnership.
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