FlexxPay is a Dubai and Riyadh-based fintech company that provides employee benefit solutions to businesses in the MENA region. Founded in 2018, FlexxPay offers a cloud-based platform that allows employers to give their employees instant access to a portion of their already earned salary whenever needed. This alternative to the traditional pay cycle aims to reduce financial stress for employees and increase motivation, productivity, and retention for businesses.
FlexxPay was founded in 2018 by Michael Trüschler and Charbel Nasr. The company has since grown to 33 employees and established offices in Europe and the GCC. FlexxPay's mission is to provide financial security, dignity, and savings to millions experiencing financial stress by offering an innovative financial wellness platform.
FlexxPay has raised a total of $4.5 million over 5 funding rounds. The company's latest funding round was a Seed - IV for $3 million on February 15, 2021. Investors include Wamda Capital, Arzan Venture Capital, NBD Sana Capital, VentureSouq, and Jameel Investment Management Company.
In 2022, FlexxPay partnered with Merit Incentives to offer a comprehensive employee benefits platform to their corporate clients in the GCC and MENA region. The partnership allows FlexxPay to add valuable benefits to its platform in the form of gift cards, discounts, and mobile top-ups.
In 2023, FlexxPay deployed AppSealing's scalable app shielding solution to protect its mobile apps and customers. This move aims to enhance the security of FlexxPay's platform and protect user data.
FlexxPay is a social impact company that aims to bring financial security, dignity, and savings to millions experiencing financial stress. The company's founders share a vision of using technology to boost their clients' businesses while offering unique benefits to their employees.
FlexxPay serves corporate clients of all sizes in the MENA region, with a focus on providing employee benefits to increase engagement, productivity, and retention. The company's platform is used by thousands of employees across various industries.
