TechFlow News, July 14. According to Forbes, California-based fintech company Flex announced the completion of a $70 million Series B1 funding round, led by Halo Fund. The company targets medium-sized enterprises with annual revenue between $3 million and $200 million, providing multi-currency account services covering 170 countries and supporting 32 currencies.
The report noted that stablecoins are gradually becoming the underlying infrastructure for corporate cross-border payments, capable of improving settlement speed and reducing costs, but do not eliminate the complexity of processes such as foreign exchange conversion, sanctions screening, transaction monitoring, custody, and local bank integration. As institutions such as Visa, Mastercard, Stripe, and PayPal continue to expand their presence, the adoption of stablecoins in the corporate payment sector is accelerating, but currently remains mainly concentrated in USD-dominated and high-friction markets.
