FlexxPay, MENA tech platform for earned income access, has announced its expansion into Egypt. The business has grown across the United Arab Emirates and Saudi Arabia, and now extends its presence in MENA with the opening of a new office in Cairo.
FlexxPay estimates that around 20 million people across Egypt could benefit from early wage access.
“Launching in Egypt is a proud and significant moment for FlexxPay. There is a real opportunity to support businesses across Egypt with financial technology that can greatly improve productivity and the lives of employees and support the digital transformation of companies. Through flexible access to earned income, employees can access money they’ve already accrued, reducing financial stress and ultimately leading to happier and more productive workplaces,” FlexxPay CEO and co-founder, Michael Trüschler stated.
The startup launched in 2020 by Michael Trüschler and Charbel Nasr, the business announced in February that it had onboarded its 100th customer and enrolled 15,000 employees across the MENA region.
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