FlexM
FlexM is a Singapore-based Fintech-as-a-Service (FaaS) platform founded in 2015 that enables banks, fintechs, MSBs, merchants, and enterprises to launch branded financial products via modular microservices including payments, cross-border remittance, compliance, and merchant acquiring, serving 400+ businesses across 6+ countries under MAS Major Payment Institution licensing.
- Company typePrivate
- Founded2015
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What FlexM does
FlexM is a Singapore-headquartered Fintech-as-a-Service (FaaS) provider founded in 2015 that enables banks, fintechs, money service businesses, merchants, and enterprises to launch and operate their own branded financial products without building infrastructure from scratch. Its microservices-based modular platform comprises five integrated products — FlexBiz (business payments and multi-currency management), FlexPay (payment ecosystem and digital wallets), FlexRemit (cross-border remittance across 80+ country corridors), FlexComply (compliance automation with eKYC, AML screening, and transaction monitoring), and FlexMerchant (digital merchant acquiring) — plus the newer FlexBank digital banking solution. Clients can assemble these components into customized stacks via the FlexPay REST API and developer documentation, with pre-built integrations to Xero and QuickBooks for reconciliation.
The company generates revenue through three streams: platform licensing / SaaS subscriptions for accessing the FaaS infrastructure, transaction fees on cross-border remittances and payments processed through the platform, and professional services for implementation and customization. Pricing is quote-based with annual billing for enterprise deployments. FlexM holds a Major Payment Institution license from the Monetary Authority of Singapore under the Payment Services Act 2019 and is regulated by FINTRAC in Canada, with compliance certifications including SOC 3, ISO 27001, and GDPR. It serves 400+ businesses across more than six countries spanning Southeast Asia, South Asia, the Middle East, Africa, North America, and Europe, with named enterprise clients including Asian Development Bank, Metropolitan Bank and Trust Company, Shop.com, and Agrani Bank Limited.
Capital structure includes a USD 12.5 million strategic investment from Sweden-based 6G Digital in April 2024 for a 25% stake (implying a ~USD 50 million post-money valuation), and a subsequent 2025 investment from Chinese e-commerce firm Torkey Times Technology that made TTT one of FlexM's top three shareholders. The company is privately held by FlexM Pte. Ltd. (Singapore registration 201207298R) with operations led by co-founder and CEO Naveed Weldon and founder/executive chairman Rune W Nilsson.
FlexM firmographics
Firmographics- Name
- FlexM
- Legal name
- FLEXM PTE. LTD.
- Website
- https://flexm.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- FlexM is a Singapore-based Fintech-as-a-Service (FaaS) platform founded in 2015 that enables banks, fintechs, MSBs, merchants, and enterprises to launch branded financial products via modular microservices including payments, cross-border remittance, compliance, and merchant acquiring, serving 400+ businesses across 6+ countries under MAS Major Payment Institution licensing.
- Ownership category
- akta.pro rank
FlexM industry classification
Industry- Product category
- Fintech-as-a-Service (FaaS) Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Custom Computer Programming Services (541511)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Super-App Wallets & Mini-Program Payments (FSAMAEAE)
Keywords
Where FlexM is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
FlexM business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Platform Licensing / SaaS Subscription: Modular platform licensing model where businesses pay to access FlexM's FaaS infrastructure to launch their own branded fintech products
- Transaction Fees: Revenue from processing cross-border remittances, payments, and money transfers through the platform
- Professional Services: Implementation, customization, and consulting services for enterprise clients requiring tailored fintech solutions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise custom pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
FlexM product offering
Product offeringCore offering
FlexM operates a modular Fintech-as-a-Service (FaaS) platform that enables banks, fintechs, money service businesses, and merchants to design, build, and scale their own branded fintech products. Its core offering comprises six integrated software products—FlexBiz (business/multi-currency payments), FlexPay (payment ecosystem and digital wallets), FlexRemit (cross-border remittance), FlexComply (regulatory compliance), FlexMerchant (merchant acquiring), and FlexBank (digital banking)—delivered through a microservices architecture with the FlexPay REST API for developer integration.
Product overview
FlexM is a Fintech-as-a-Service (FaaS) platform providing a modular, plug-and-play architecture that enables Banks, Fintechs, Money Service Businesses, Start-ups, and marketplaces to design, build and scale their own fintech products. The platform comprises five integrated core products: FlexBiz (business payments and multi-currency management), FlexPay (e-payment ecosystem and digital wallets), FlexRemit (cross-border remittance platform), FlexComply (regulatory compliance automation), and FlexMerchant (merchant acquiring solution). These products share a microservices architecture allowing clients to pick and choose features across products to create customized solutions. The platform also offers APIs for developer integration and is regulated by MAS as a Major Payment Institution.
Differentiator
Problem solved
Functional benefit
Brands
- FlexBiz: Business Payment & Multi-Currency Payment solution for businesses to manage domestic, cross-border, and bulk payments with multi-currency features.
- FlexPay
- FlexRemit
- FlexComply
- FlexMerchant
Products and services
- FlexBiz Business payment and multi-currency payment solution enabling businesses to manage domestic and cross-border transfers, bulk payments, payroll disbursements, and multi-currency accounts, with built-in accounting integrations to Xero and QuickBooks.
- FlexPay Comprehensive e-payment ecosystem that allows organizations, merchants, and marketplaces to embed payments and digital wallets into customer journeys, supporting QR codes, wallets, bank accounts, cards, P2P transfers, and loyalty programs.
- FlexRemit Cloud-based cross-border remittance platform for Money Service Businesses, providing a modular omnichannel solution with mobile, branch teller, and agent portals, supporting 80+ country corridors and 100+ global payout options.
- FlexComply 360-degree regulatory compliance management system that automates compliance workflows for banks, MSBs, and regulated entities, including eKYC identity verification from 195+ countries, AML screening, risk assessment, 100+ transaction monitoring rules, anomaly detection, one-click STR filing, and AI-powered predictive compliance dashboards.
- FlexMerchant Digital merchant acquiring platform for marketplaces, banks, eCommerce, and retailers to onboard merchants, process payments via QR, wallets, bank accounts, and cards, with on-demand settlements and loyalty tools to reduce MDR and improve margins.
- FlexBank Digital banking solution referenced as a new product offering within the FlexM ecosystem, enabling banks and financial institutions to launch digital banking capabilities.
Quantifiable outcome
- 70% reduction in AML false positives
- +6 more outcomes
Companies that use FlexM
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
FlexM technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature4 records
FlexM partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TransfezcoreIndonesian fintech launched WhatsApp-based remittance service for Indonesian migrant workers sending money from Singapore to Indonesia. FlexM provides MAS-licensed fintech infrastructure enabling regulatory compliance and transaction processing.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
FlexM competitors and assessment
Company assessmentDirect peers
- Stripe: Stripe is a global financial infrastructure platform offering payments, banking-as-a-service, and embedded finance products (Connect, Issuing, Treasury). Directly comparable to FlexM as a modular platform enabling businesses to launch fintech products and embed payment experiences.
- Rapyd: Rapyd is a Fintech-as-a-Service network providing global payments, multi-currency wallets, and disbursement infrastructure across 100+ countries. Closely comparable to FlexM's FlexPay and FlexRemit offerings, particularly for cross-border remittance and embedded payment use cases.
- Marqeta: Marqeta provides modern card issuing and payment infrastructure as an API-first platform, enabling businesses to launch and scale fintech products. Comparable to FlexM's modular FaaS architecture serving banks, fintechs, and merchants with embedded financial services.
- Galileo Financial Technologies: Galileo (a SoFi company) provides payment processing and digital banking infrastructure enabling fintechs and banks to launch accounts, cards, and payment products. Directly comparable to FlexM's BaaS platform and embedded banking capabilities.
- Verto: Verto is a cross-border B2B payments platform serving emerging markets with multi-currency accounts and FX management. Directly comparable to FlexM's FlexBiz multi-currency and FlexRemit cross-border offerings, particularly for emerging-market corridors.
- Thunes: Thunes is a global cross-border payments network enabling mobile wallets, banks, and money transfer operators to send money to 130+ countries. Directly comparable to FlexM's FlexRemit cross-border remittance and MSB-focused infrastructure.
Broad incumbents
- Adyen: Adyen is a global payments platform offering merchant acquiring, payouts, and embedded financial services to enterprises. Comparable to FlexM's FlexMerchant and FlexBiz offerings, though Adyen serves larger enterprise customers with broader geographic coverage.
- Plaid: Plaid provides financial data connectivity and payment infrastructure enabling applications to connect with bank accounts. Comparable to FlexM's FlexPay API and developer-facing ecosystem, though Plaid specializes in data connectivity rather than full BaaS.
- Currencycloud (Visa): Currencycloud, now part of Visa, provides cross-border payment infrastructure and FX APIs for fintechs and banks. Comparable to FlexM's FlexRemit and FlexBiz solutions for cross-border multi-currency transfers and embedded FX.
Emerging players
- Baanx: Baanx is a BaaS platform offering embedded banking, payments, and crypto on-ramp infrastructure for fintechs and Web3 companies. Comparable to FlexM's modular FaaS platform with a focus on embedded wallets and digital banking solutions.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
FlexM social profiles
Digital presenceFlexM compliance and trust
Trust signalCompliance4 records
FlexM financial estimates
Financial estimateRevenue estimate
Valuation estimate
FlexM leadership team
Management profileNumber of profiles
Profiles5 records
FlexM funding detail
Funding detailFunding overview
Funding rounds6 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FlexM M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FlexM
What does FlexM do?
FlexM operates a modular Fintech-as-a-Service (FaaS) platform that enables banks, fintechs, money service businesses, and merchants to design, build, and scale their own branded fintech products. Its core offering comprises six integrated software products—FlexBiz (business/multi-currency payments), FlexPay (payment ecosystem and digital wallets), FlexRemit (cross-border remittance), FlexComply (regulatory compliance), FlexMerchant (merchant acquiring), and FlexBank (digital banking)—delivered through a microservices architecture with the FlexPay REST API for developer integration.
Is FlexM a public or private company?
FlexM is a private company. It is classified as venture growth investor backed and is currently operating.
When was FlexM founded?
FlexM was founded in 2015. It employs 101 to 250 people.
Where is FlexM based?
FlexM is headquartered in Singapore, Singapore, in the Asia region.
How does FlexM make money?
Three revenue lines are on record. Platform Licensing / SaaS Subscription is the primary driver. The others are transaction Fees and professional Services.
Who are FlexM's main competitors?
Direct peers on record are Stripe, Rapyd, Marqeta, Galileo Financial Technologies, Verto and Thunes. Broad incumbents are Adyen, Plaid and Currencycloud (Visa). Baanx is listed as an emerging player.
Does FlexM have an API?
Yes. FlexM offers the FlexPay API enabling developers to build and integrate payment solutions. The API supports REST architecture for integration with agents, correspondent banks, and payment service providers. Documentation is available at /api-documentation with product documentation at /product-documentation. Developer documentation is at www.flexm.com/api-documentation.
What industry is FlexM in?
FlexM's product category is Fintech-as-a-Service (FaaS) Platform. Its primary akta.pro industry code is FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure, with a secondary code of FSAGAKAF, Multi-Currency Accounts, Wallets & FX Management (Consumer/SME). Its NAICS code is 5182 and its SIC code is 6199.