Flex

How it happened

Flex customizes rent payment schedules for tenants. Flex ensures landlords get paid on the first of the month by giving renters a line of credit with its bank partner, and tenants pay their rent in smaller increments throughout the month. Last valued near $1.41B (Series D Non-Voting, 2024); on the secondary market its implied valuation slipped below the $1B unicorn line in Dec 2024, and now sits around $813M — roughly 42% below that peak.