FlexPay, a Kenyan fintech business, has received money from the Cairo Angels Syndicate Fund in order to accelerate its expansion and assist more individuals in avoiding debt.
FlexPay is an online and offline payment platform that enables merchants in Africa to provide their consumers with interest-free targeted savings. Merchants use FlexPay to give their consumers the option of paying for high-value goods and services however and whenever they choose.
Shoppers can stretch the cost over a longer period of time, giving them more freedom and purchasing power. Merchants can use FlexPay as an online checkout option or offer offline in-store flexibility.
The Cairo Angels Syndicate Fund (CASF), a tiny venture capital fund that invests in early-stage firms in the Middle East and Africa, has now invested an unknown sum of money in the startup.
Cairo Angels was Egypt’s first organised network of angel investors when it launched, and it has since become one of the Middle East and Africa’s most active early-stage investors in startups and high-growth firms, with 31 investee companies in 18 different sectors.
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