# Flexa Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flexa-network

- Industry: Software
- Headquarters: New York, US
- Website: www.flexa.network
- Total disclosed funding: $14M
- Latest round: Seed (Apr 11, 2019)
- Investors on record: 4

## About

Flexa Network Inc. provides innovative payment solutions that enable businesses to accept a wide range of digital assets, enhancing the retail payment experience through technological integration and compliance.Flexa Network Inc. specializes in payment solutions that facilitate digital asset transactions in retail environments. The company was founded in 2018 in New York, US, by Daniel McCabe, Trevor Filter, Tyler Spalding, and Zachary Kilgore. In April 2019, Flexa raised USD 14.1 mn in Seed funding led by Pantera Capital, with participation from investors including 1kx, Access Ventures, and Nima Capital. The company has completed one deal to date, and the latest funding round fully accounted for the total amount raised.Flexa offers a suite of next-generation payment and loyalty solutions designed to facilitate the adoption of digital assets in the retail space. Their core offerings enable businesses to accept over 99 types of digital assets seamlessly across various points of sale, integrating with existing payment infrastructure without requiring significant financial investment. The solutions are particularly geared towards businesses transitioning away from traditional payment methods towards digital wallets and cryptocurrencies. Flexa's patented technology ensures instant payment authorization, complete fraud resistance, and compliance with KYC regulations, making it suitable for a diverse array of merchants. The company's products primarily target markets in North America, Europe, and parts of Asia, where there is a growing demand for innovative payment solutions.Flexa generates revenue through transaction-based fees from merchants that utilize its payment solutions. The transaction structure typically involves merchants paying a percentage fee for each digital asset transaction processed through the platform. This model supports both B2B and direct-to-consumer transactions, allowing retailers to enhance their payment offerings while reaching a broader customer base. Merchants benefit from increased customer engagement by providing the option to pay with digital assets. Flexa's flagship solution, the patented payment stack, plays a critical role in facilitating rapid and secure transactions that are integral to the firm's value proposition.Flexa plans to utilize the USD 14.1 mn raised in Seed funding to enhance their product offerings and expand into new markets. The company is working on launching additional payment solutions aimed at increasing the efficiency of digital asset transactions. They are targeting expansion into new geographic regions, particularly in Europe and Asia, by 2024. This growth strategy is designed to leverage the growing adoption of digital currencies and the demand for innovative payment methods in retail.

## Funding rounds

- Seed, Apr 11, 2019, $14M — Pantera Capital, Access Ventures, Nima Capital, 1kx Ventures

## Investors

- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Access Ventures — Seed
- Nima Capital — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed