Flex acquires a16z-backed Maza for $40M as fintech M&A heats up

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By Karla T Vasquez

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Companies have said to TechCrunch exclusively, a startup providing private finance software for business owners, which has achieved a finance application targeting Spanish speakers in the United States, a startup.

At first glance, the pair may seem a bit curious. FlakeIts software and payment infrastructure is to help business owners to have a single app for managing all their money. Maze Spanish-speaking customers-starting to consent to the residents, acts as opening a bank account, getting a debit card and providing it with separate tax identification number (ITIN).

So how did the mission of these two companies intersect? Over time, Maza realized that many of its applications and service users were actually small business owners or solopineer. So the startup focused on developing business software for its Spanish -speaking customers and their small business, running part of their activities on its technical stack. Examples include landscape, clean service and construction subcontractor.

In 2021, Maja said that it was scaling 20% ​​of the year after year, and was 250,000 customers.

The scale that was experienced in the Solopinia section of the shrine caught the attention of Flex, which was seen as the entrance to Flex’s own proposal, mentioned by the co-founder and CEO of the shrine, Luciano Arango.

Over time, Flex is making tools to serve the person Back Business.

“Both companies were attracted to the same user – business owners of consumers – the lines between the two began to become obscure,” the founder and CEO of Flex said Zaid Rahman. “Instead of making a parallel product, it is more understandable to combine forces and scales from zero to ten years to ten years.”

As a combined agency, the founders are hoping to accelerate their “shared roadmaps”, Rahman, Rahman said.

Re -brand the Maza Flex as a consumer and the founder of the shrine – Arango, Robi Figuiero and Sigi Bilstein – will take the executive role in the combined entity.

“As the founder, we felt the pain of fragmented financial equipment. Maja and Flex were making from the opposite end of the same problem,” said Arango. “It was logical step to join the force.”

According to Arango, the shrine pivot was natural.

“We most surprised us how durable the customer base became,” Arango added.

Thus, the building continues to build in that direction, the previously declared Million 15 million Series money means that it raised in 2021. Wellington led the round that includes Andresen Horovits (A 16 Z), Task Ventures Partners and Titanium Ventures and Pay -ORAAAAAAARAs and Titanium Ventures and Titanium Ventures.

From the beginning of 2022, Maza has collected a total of $ 24 million equity. Established in 2022, Flex has secured $ 300 million to $ 45 million equity and credit facilities, exclusively funded for its credit card offer with Debt. Flex was worth $ 250 million until March. Titanium Ventures led his last raising, the $ 25 million of equity rounds announced in March.

Fifty percent of the 22-member team of the shrine was integrated on the flakes, with 64 employees at the end of 2024.

According to the CB Insights State of Venture Q1 2025, the margters and acquisition agreements in the fintech sector have emerged in the last two quarters ReportThe In the fourth quarter of 2024, the sector saw the 191 Global M&A transactions. And in the first quarter of 2025 it saw the 184 M&A deal. In contrast, 143 Fintech M&A Deals were reported in the third quarter of 2024.

Recently, the finance platform pipe that remained embedded Glean.EWhich marketed themselves as “accounts payable to the brain” for an undisclosed amount. CheckR has recently signed a specific agreement to achieve the initiative of real work, an income and employment verification.

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