Flex, a start -up that offers funding software for business owners, has acquired MAZA, a funding application for Spanish speakers in the US for $ 40 million, companies exclusively told TechCrunch.
At first glance, mating may seem a little weird. CableThe software and payment infrastructure is to help business owners have a single application to conduct all their finances. Mass It started helping Spanish consumers-including immigrants-do things such as opening a bank account, getting a debit card and providing those who needed it with an individual tax identification number (ITIN).
So how does the mission of these two companies intersect? Over time, Maza realized that many of its application and services were actually small business owners or solopreneurs. Thus, the start focused on the development of business software for Spanish customers and their small businesses, performing part of their technology stack. Examples included landscapes, cleaning services and subcontractors, among others.
In 2024, Maza said it escalated revenue with 290% annually and had 250,000 customers.
Maza’s scale in the Solopreneur department dived the attention of Flex, who saw it as a gateway to Flex’s offer, noted Luciano Arango, co -founder and managing director of Maza.
Over time, Flex has built tools to serve the person back The business.
“As both companies are borne by the same user – business owners with consumer needs – the lines between the two have begun to blur,” said Flex founder and CEO Zaid Rahman. “Instead of building a parallel product. It was more reasonable to combine forces and escalate from zero day to a year of ten.”
As a combined company, the founders hope to “accelerate” the “common map map”, Rahman said.
Maza will redefine as Flex Consumer and the founders of Maza – Arango, Robbie Figueroa and Siggy Bilstein – will take on executive roles in the combined entity.
“As founders, we felt the pain of fragmented economic tools. Maza and Flex were built from opposite ends of the same problem,” Arango said. “The forces that joined were the logical next step.”
The Maza axis was natural, according to Arango.
“What surprised us was how durable the customer base was done,” Arango added.
Thus, Maza continued to build in this direction, using revenue from a previously unclosed $ 15 million series, which he set in 2024. Ventures,
Since 2022, Maza has increased a total of $ 24 million in shares. It was also founded in 2022, Flex has secured $ 45 million in shares and $ 300 million in credit facilities with debt funding exclusively credit card bid. Flex was estimated at $ 250 million since March. Titanium Ventures has led its last increase, the $ 25 million shares announced in March.
Ninety -five percent of the Maza 22 group has been incorporated into Flex, which had 64 employees at the end of 2024.
The merger and acquisition agreements in the Fintech sector have taken the last two quarters, according to the status of Venture Q1 2025 by CB Insights Q1 2025 report. In the fourth quarter of 2024, the sector saw 191 global mergers and acquisition transactions. And in the first quarter of 2025, he saw 184 M&A agreements. On the contrary, there were 143 FINTTECH M & A agreements reported in the third quarter of 2024.
More recently, built -in funding platform Tube acquired Glean.aiwhich is marketed as “bills of payable with a brain” for an unnamed amount. The audit also recently signed a definitive agreement on the acquisition of Truework, Income and Income and Employment Verification.
