Flex Raises $70 Million in B1 Funding Round Led by Halo Fund

Flex, a stablecoin banking platform, said it has raised $70 million in a B1 funding round led by Halo Fund. According to Odaily, the company said the new capital will be used to expand Flex Global, its stablecoin-based cross-border commercial banking platform. Flex said the expansion is intended to help mid-sized businesses use stablecoin infrastructure for global payments and cash management. The report cited data showing annual stablecoin payment volume has reached about $390 billion, with business-to-business transactions up about 733% year over year. It also said Visa’s stablecoin settlement volume had reached an annualized $7 billion as of April 2026, up 50% year over year.