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Flexa Network Inc.
Flexa Network Inc. is a New York-based payments firm building crypto acceptance infrastructure.
Flexa Network Inc.
Flexa Network Inc. operates as a payments technology company focused on cryptocurrency acceptance. Founded by Tyler Spalding, Trevor Filter, and Zachary Kilgore, the firm launched commercially in 2019. Flexa enables merchants to accept digital assets through its proprietary settlement network, converting crypto to fiat in real-time. The company serves a geographically diverse merchant base, with adoption across North America and the UK. Its asset-class mix spans multiple blockchain protocols, including Bitcoin, Ethereum, and Litecoin. Leadership includes CEO Tyler Spalding and CTO Trevor Filter, who previously held roles at major tech firms. In 2022, Flexa announced a partnership with NCR Corporation, integrating its payment solution into NCR's point-of-sale terminals used by thousands of retailers. The structure differentiator is Flexa's collateral-based settlement model, which uses staked digital assets to guarantee transactions and eliminate fraud risk for merchants, setting it apart from traditional card networks or other crypto payment processors.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Frequently asked questions
How does Flexa's settlement model differ from traditional crypto payments?
Flexa uses collateralized digital assets to guarantee transactions. When a customer pays with crypto, Flexa verifies the transaction via its network and settles in fiat for the merchant, assuming chargeback risk. This is distinct from traditional processors that rely on card network rails or stablecoins.
Which cryptocurrencies does Flexa support?
Flexa supports over 90 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many ERC-20 tokens. The network aggregates liquidity across multiple exchanges to execute conversions.
What is Flexa's relationship with Gemini?
Flexa was co-founded by Tyler Spalding, formerly of Gemini, but operates independently. The firms have no current formal affiliation beyond industry relationships.
Does Flexa raise external capital?
Flexa has raised venture funding from investors including Pantera Capital and 1kx. Specific funding rounds are not fully disclosed, but the firm has not reported a Series beyond its public seed and Series A.
How does Flexa generate revenue?
Flexa charges merchants a flat fee per transaction, disclosed as 1% or lower, versus typical card processing fees of 2-3%. The firm does not rely on spread from crypto-to-fiat conversion.
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