About Flexpay
Flexpay is a company based in Nairobi (Kenya) founded in 2014 by Johnson Mwangi Gituma and Richard Machomba. Flexpay has raised $70 thousand across 5 funding rounds from investors including Techstars, Renew Capital and Black Founders Fund. Flexpay offers products and services including Flexpay App, Flexpay Chama, and Lipia Polepole.
- Total Equity Funding$70K (USD)
in 5 rounds
- InvestorsTechstars
& 5 more
Products & Services of Flexpay
Flexpay offers a comprehensive portfolio of products and services, including Flexpay App, Flexpay Chama, and Lipia Polepole.
App for managing savings and making deferred payments
Service for organized virtual savings groups
Option for buying products with flexible installments
Funding Insights of Flexpay
Flexpay has successfully raised a total of $70K across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $70,000
- Total Rounds 5
- First Round $20,000
(Apr 2017)
- Investors Count 6
All 5 funding rounds of Flexpay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | – | Seed | – | Renew Capital | – |
| Sep 2022 | $50,000 | Seed | – | Expert DOJO | – |
| Sep 2022 | $100,000 | Grant | – | – | |
| May 2022 | – | Seed | – | – | |
| Apr 2017 | $20,000 | Seed | – | Techstars | – |
6 investors in total: 6 institutional.
Investors in Flexpay
Flexpay has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Techstars, Renew Capital and Black Founders Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are made in African startups. | – | renewcapital.com | - | |
- | – | blackfoundersfund.tcc.mode | - | |
Acasia Ventures is focused on investing in early-stage startups. | 2011 | acasia.ventures | Cairo, Egypt | |
- | – | cairoangels.com | - | |
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
- | – | expertdojo.com | - |
Investor details for Flexpay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Flexpay
2 people are tracked at Flexpay (2 in leadership).
| Name | Role | Group |
|---|---|---|
Johnson Mwangi Gituma | Co-Founder | Leadership |
Richard Machomba | Co-Founder & CEO | Leadership |
Complete people profiles for Flexpay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Flexpay
3 dated milestones of Flexpay across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Flexpay is founded.
- Funding First funding round of $20K.
- Funding Latest funding round, Seed,.
Web traffic of Flexpay
The website of Flexpay (flexpay.co.ke) receives about 5.3K visits a month.
- Monthly visits5.3K
▼ 19.1% vs previous month
Websites whose visitors overlap most with Flexpay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Latest news on Flexpay
Complete news archive for Flexpay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Flexpay
10 companies that operate in the same segment as Flexpay (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
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Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about Flexpay
Flexpay was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Flexpay is headquartered in Nairobi, Kenya.
Richard Machomba is the current CEO of Flexpay. They have also founded this company.
Flexpay is a funded company, having raised a total of $70K across 5 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Apr 2017.
Flexpay was founded in 2014 in Nairobi, Kenya, within the fintech sector. Online and offline payment acceptance is supported for businesses through mobile money and card options. Flexible installment plans are offered to individuals for dividing purchases over time. Operations focus on facilitating secure transactions for goods and services across the region.
Flexpay offers Flexpay App, Flexpay Chama, and Lipia Polepole.
Flexpay has 6 investors. Key investors include Techstars, Renew Capital, Black Founders Fund, Acasia Ventures, and Cairo Angels.
Flexpay operates through Flexpay Llc.