FlexMinder Raises $1.4M

Seattle-based Flexminder, a provider of services to help third party health administrators automate flexible spending account claim submissions, has raised $1.4M in a funding round. The round came from Founder's Co-Op, WRF Capital, and other investors. FlexMinder says it helps third party administrators cut costs, increase revenue and adoption rates,and stand out from competitors, by reducing manual process costs by 50 percent. The firm is led by Lowell Ricklefs. More information »