Loading organizations...
FlexxPay is a business-to-business financial wellness platform based in Riyadh and Dubai that enables corporate employees to instantly access a portion of their earned wages ahead of traditional payroll cycles. The company operates a cloud-based salary tracking system that bypasses standard interest charges in favor of flat transaction fees, facilitating fully automated and Shariah-compliant disbursements through a strategic partnership with Abu Dhabi Commercial Bank. To date, the enterprise has secured approximately $4.5 million in total funding, which includes a $3 million seed round, to support its ongoing expansion across the Middle East. The financial technology firm currently serves a growing corporate client base, providing early wage access services to a network of over 5,000 active employee users throughout the United Arab Emirates and Saudi Arabia. FlexxPay was founded in 2018 by Michael Truschler and Charbel Nasr.
FlexxPay has raised $3.0M across 1 funding round.
FlexxPay has raised $3.0M in total across 1 funding round.
FlexxPay has raised $3.0M in total across 1 funding round.
FlexxPay's investors include JIMCO, Target Global, Arzan Venture Capital, Saleh Al Akrabi, March Holding, Nuwa Capital, Sukna Ventures, VentureSouq, Wamda.
FlexxPay has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Pre-Series A in February 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 15, 2021 | $3M Seed Plus | JIMCO, Target Global | Arzan Venture Capital, Saleh AL Akrabi, March Holding, Nuwa Capital, Sukna Ventures, VentureSouq, Wamda | Announced |
