{"id":11180,"date":"2021-03-22T16:03:05","date_gmt":"2021-03-22T16:03:05","guid":{"rendered":"https:\/\/cms.alj3.clients.lemonhq.io\/?post_type=inthenews&p=11180"},"modified":"2026-04-24T12:39:44","modified_gmt":"2026-04-24T12:39:44","slug":"tech-platform-flexxpay-raises-3m-in-pre-series-a-investment-round","status":"publish","type":"inthenews","link":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/in-the-news\/tech-platform-flexxpay-raises-3m-in-pre-series-a-investment-round\/","title":{"rendered":"Tech platform FlexxPay raises $3m in pre-series A investment round"},"content":{"rendered":"\n

Gulf Business reports that FlexxPay<\/a>, a cloud-based B2B fintech employee benefits platform, has raised US$ 3 million in a pre-series A round.<\/p>\n\n\n\n

FlexxPay enables access to already-earned income (salaries, commissions, pensions and end-of-service benefits) via its platform. It is currently operational in the UAE and Saudi Arabia with plans to launch in Bahrain next month, and expand to the rest of MENA in the near future.<\/p>\n\n\n\n

FlexxPay will use the funds to further enhance its technology platform and grow its corporate client base in the region. The round was joined by international and regional investors including JIMCO<\/a>, Target Global, Wamda, DIFC FinTech Fund, March Holding, Arzan VC, SuknaVentures, Nuwa Capital and VentureSouq.<\/p>\n\n\n\n

\n

\u201cThe continued support of our existing investors and the addition of new investors is invaluable to FlexxPay\u2019s growth and evolution,\u201d said Michael Truschler, co-founder and CEO of FlexxPay.  “We are solving a real-world problem for employers and their employees. Financial stress directly impacts the bottom line of a company\u2019s P&L and is one of the main factors for employees being less productive and reporting sick. Giving people access to what they have already earned is just the right thing to do. They\u2019ve earned it, they deserve it.\u201d<\/p>\n<\/blockquote>\n\n\n\n

JIMCO, the Jameel Investment Management Company, is the global investment arm of the Jameel family.<\/p>\n","protected":false},"featured_media":11182,"menu_order":0,"template":"","class_list":["post-11180","inthenews","type-inthenews","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nTech platform FlexxPay raises $3m in pre-series A investment round - Abdul Latif Jameel<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech platform FlexxPay raises $3m in pre-series A investment round - Abdul Latif Jameel\" \/>\n<meta property=\"og:description\" content=\"Gulf Business reports that FlexxPay, a cloud-based B2B fintech employee benefits platform, has raised US$ 3 million in a pre-series A round. 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