FlexM provides a smartphone virtual wallet that functions like a bank account, plus a dynamic virtual MasterCard and up to four physical prepaid MasterCards. The platform enables cross-border wallet-to-wallet remittances at lower transaction and remittance rates and includes a payroll solution that lets employers create virtual wallet accounts, top up salaries, and generate proof of payment. FlexM signed a strategic partnership with MatchMove Pte. Ltd. to better support the Asian market. The company officially entered the Singapore market in September 2016 and operates face-to-face verification centres in Lucky Plaza and City Plaza, with top-up options at over 600 selected NPN merchants. FlexM targets unbanked and under‑banked migrant and foreign domestic workers and offers employers free payroll software during the initial launch. The product emphasizes security features such as a dynamic 3-digit CVC that changes for every purchase and expires after ten minutes.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2016