Flash Raises $6M in Seed Funding

Flash, a Cairo, Egypt-based provider of a cashless payments app, raised $6M in Seed funding.

The round was led by Addition with participation from Flourish Ventures and other angel investors.

The company intends to use the funds to accelerate product development and customer & business acquisition in Egypt.

Founded by Uber alumni Erik Gordon and Sherine Kabesh in 2021, Flash is a payments app that enables customers to instantly pay to merchants. By adding their card or digital wallet to their Flash account, customers can make digital payments to businesses with a few taps or via QR codes. Businesses can accept payments directly from consumers without the need for point-of-sale (POS) systems or technical integration.

Flash has also obtained approval from the Central Bank of Egypt in partnership with Banque Misr to operate as a technical payment aggregator.

FinSMEs

17/07/2023

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