Zimbabwean Blockchain Startup FlexID Technologies Secures Funding

Zimbabwean-founded blockchain start-up FlexID Technologies (formerly FlexFinTx) has announced securing undisclosed funding from Silvio Micali’s Algorand Foundation. The funding is from a Simple Agreement For Equity (SAFE) with the Algorand Foundation to further develop and scale their Self Sovereign Identity (SSI) platform.

The startup strives to make its decentralized digital identity network available in emerging markets and invest in integrating its platform with existing Algorand apps, including those in DeFi and NFTs to allow flawless mobility across the entire ecosystem.