About FlexxPay
FlexxPay is a company based in Dubai (United Arab Emirates) founded in 2018 by Charbel Nasr and Michael Truschler.. FlexxPay has raised $4.5 million across 6 funding rounds from investors including Wamda, Target Global and DIFC. FlexxPay operates in a competitive market with competitors including Clair and Abhi, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Charbel Nasr, Michael Truschler
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.5 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Wamda
& 10 more
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Employee Count
Employee Count
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Funding Insights of FlexxPay
FlexxPay has successfully raised a total of $4.5M across 6 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 Total Funding
- Total Rounds 6
- Last Round Last Round
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Seed - FlexxPay | Valuation | Target Global | |
| Feb, 2021 | Amount | Debt – Conventional - FlexxPay | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - FlexxPay | Valuation | DIFC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FlexxPay
FlexxPay has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Wamda, Target Global and DIFC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on gaming, food tech, and multiple sectors
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Founded Year | Domain | Location | |
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Investments are made by Sukna Ventures in early-stage tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FlexxPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FlexxPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flexxpay Comparisons
Competitors of FlexxPay
FlexxPay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clair and Abhi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Abhi is recognized as a fintech company offering financial empowerment solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flexxpay
Frequently Asked Questions about FlexxPay
When was FlexxPay founded?
FlexxPay was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is FlexxPay located?
FlexxPay is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is FlexxPay a funded company?
FlexxPay is a funded company, having raised a total of $4.5M across 6 funding rounds to date.
What does FlexxPay do?
FlexxPay was founded in 2018 in Dubai, United Arab Emirates, within the fintech sector. An online platform is operated to enable businesses in providing employees with on-demand access to portions of earned but unpaid salaries at zero interest. Additional services through an employee wellness feature include bank transfers, cash withdrawals, utility bill payments, and savings plans. The platform is accessible via apps for Android and iOS devices.
Who are FlexxPay's investors?
FlexxPay has 11 investors. Key investors include Wamda, Target Global, DIFC, Arzan Venture Capital, and Sukna Ventures.