Founded in 2011, FlexMinder provides an enterprise SaaS solution that pulls together a user’s healthcare information from multiple sources to automatically submit and track FSA healthcare claims. The platform eliminates manual paperwork by funneling all reimbursements through one interface, aiming to simplify the process for both consumers and third-party administrators (TPAs). FlexMinder has already secured commitments from TPAs representing more than 260,000 plan participants, demonstrating early traction for the product. The company recently expanded its team by five employees in product, development, sales, marketing, and client services to handle growing demand. Proceeds from its latest funding will be used to add revenue-driving functionality, scale operations, and extend its presence nationwide. FlexMinder is a TechStars 2011 graduate, underscoring its mentorship and network advantages. Although specific revenue figures were not disclosed, the company’s customer response has been described as “overwhelming,” indicating positive market reception.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2014