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Kenya fintech Flexpay has secured an undisclosed investment from the Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa.
FlexPay is an online and offline payment platform that allows African retailers to offer their consumers interest-free targeted savings. Merchants use FlexPay to allow their consumers to pick how and when they pay for high-value goods and services. Shoppers can stretch the cost over time (pay in installments), increasing their spending power and flexibility. Merchants can use FlexPay as an online checkout alternative or provide offline in-store flexibility