FlexM - About the company
FlexM is a series A company based in Singapore (Singapore), founded in 2015 by Rune W Nilsson and Georg Dokken. It operates as a Modular platform for banking, payments, remittance, and compliance. FlexM has raised $13.4M in funding. The company has 31 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like Grab, YouTrip and BigPay.
Company Details
Modular platform for banking, payments, remittance, and compliance. It offers pre-built components designed for digital banking, money transfer, and payment embedding. It also provides tools for regulatory compliance management. The platform’s architecture allows users to select features across different products. It offers APIs to facilitate application development and solution building.
- Website
- www.flexm.com/
- Social
- Email ID
- *****@flexm.com
- Registered Address
- CENTRAL BOULEVARD, Singapore, 18916
Key Metrics
Founded Year
2015
Location
Singapore, Singapore
Stage
Series A
Total Funding
$13.4M in 3 rounds
Latest Funding Round
Investors
Ranked
4th among 31 active competitors
Employee Count
154 as on Sep 30, 2026
Legal entities associated with FlexM
FlexM is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FLEXM PRIVATE LIMITED CIN: U72900KL2019PTC060786 , India, Active | Dec 17, 2019 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
FLEXM PTE. LTD. UEN: 201207298R , Singapore, Active | Mar 23, 2012 | - | - | |
FLEXM GLOBAL PTE. LTD. UEN: 202039457H , Singapore, Active | Dec 04, 2020 | - | - |
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FlexM's funding and investors
FlexM has raised a total funding of $13.4M over 3 rounds. Its first funding round was on Nov 15, 2016. FlexM has 7 institutional investors and 16 angel investors.
Here is the list of recent funding rounds of FlexM:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 10, 2025 | 1629199 | Series A | 4154527 | 1537538 | 3681089 | 5934514 |
Mar 28, 2024 | 9297252 | Series A | 3517230 | 7405553 | 2571064 | |
Nov 15, 2016 | 7364416 | Seed | 2468491 | 6198888 | 5947378 |
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FlexM's founders and board of directors
Founder? Claim ProfileThe founders of FlexM are Rune W Nilsson and Georg Dokken.
Here are the details of FlexM's key team members:
- Rune W Nilsson: Former Co-Founder of FlexM.
- Georg Dokken: Former Co-Founder of FlexM.
FlexM's Board of Directors
FlexM's board has 5 active members. Naveed Weldon and Rune W Nilsson are part of team and Pho Hui Lin, Mohammed Naveed Mohammed Arif and Boon loh jason are independent board members.Here is the list of FlexM's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 1m | |
Team | - | Current | 5y 7m | |
szscier | Team | - | Past | 9y 8m |
Independent board member | - | Current | 0y 9m | |
ppnjuho | Independent board member | - | Current | 3y 7m |
aixvkat | Independent board member | - | Current | 6y 6m |
vbsowbl | Independent board member | - | Past | 9y 9m |
qaqseeo | Independent board member | - | Past | 1y 6m |
bkfuuxq | Independent board member | - | Past | 3y 3m |
pjjjmri | Independent board member | - | Past | 5y 5m |
View details of FlexM's Founder profiles and Board Members
FlexM's employee count trend
FlexM has 154 employees as of Sep 26. Here is FlexM's employee count trend over the years:
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FlexM's Competitors and alternates
Top competitors of FlexM include Grab, YouTrip and BigPay. Here is the list of Top 10 competitors of FlexM, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Operator of a platform providing ride-hailing, food delivery, and payment services | $10.4B | 88/100 | ||
2nd | NFC-enabled travel cards and multi-currency wallet transfer service for travelers | $106M | 75/100 | ||
3rd | Provider of digital wallet services for payments, transfers, and budgeting | $100M | 65/100 | ||
4th | Modular platform for banking, payments, remittance, and compliance | $13.4M | 56/100 | ||
5th | Provider of mobile wallet services encompassing payments, remittances, and insurance products | - | - | 48/100 | |
6th | _1550236575706.png?devicePixelRatio=2&height=30&width=30){kind=logo} WeChat Pay 2003, Singapore (Singapore), Unfunded | Provider of mobile payment services, bill payment, and digital fund transfers | - | - | 47/100 |
7th | Mobile only remittance service for unbanked migrants | - | 38/100 | ||
8th | Digital wallets for individuals | - | - | 37/100 | |
9th | API-enabled multi-currency wallet for businesses | - | - | 36/100 | |
10th | Wallet-enabled payment solutions for individuals | - | - | 34/100 |
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FlexM's Investments and acquisitions
FlexM has made no investments or acquisitions yet.
Reports related to FlexM
Here is the latest report on FlexM's sector:
News related to FlexM
Filter this listMedia has covered FlexM for 1 event in last 1 year.
•
FlexM Secures Strategic Investment from China's E-comm Leader Torkey Times Technology (TTT) to Drive Global ExpansionPR Newswire•Oct 10, 2025•FlexM
•
FlexM Awarded In-Principle Approval for a Major Payment Institution License by MASGlobeNewswire•Sep 10, 2024•FlexM
•
FlexM Launches FlexComply to Transform KYC Compliance for Financial InstitutionsGlobeNewswire•Sep 07, 2024•FlexM
•
6G Digital acquires 25% stake in FlexM Global for USD 12.5 mlnThe Paypers•Apr 01, 2024•6G Digital Sweden, FlexM
•
•
FlexM Awarded as the Best Asean Fintech By MAS at the Singapore Fintech Awards 2022FinTechnews•Nov 10, 2022•FlexM
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FlexM’s Mehek Weldon Wins Innovator of The Year from International Compliance AssociationFinTechnews•Jun 01, 2022•FlexM
•
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FlexM raises US$886K to help the unbanked get paid and remit electronicallye27•Nov 17, 2016•FlexM, MatchMove
•
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