Nairobi, Kenya
FlexPay Technologies, founded in 2015 and headquartered in Kenya, operates at the intersection of Financial Services, Mobile, and Payments. The company offers a unique, merchant-embedded, save-to-buy experience branded as "Save Now, Buy Later". By collaborating with retailers, brands, marketplaces, and banks, FlexPay incentivizes customers to save for their desired purchases, thereby closing the affordability gap debt-free.
With the rise of credit-driven 'Buy Now, Pay Later' models that foster impulse buying and debt, FlexPay's approach stands out by rewarding savings and promoting financial discipline. This innovative model not only helps consumers but also enhances customer retention and sales growth for merchants.
Significantly backed by accelerators like Techstars in 2017 and Google LaunchPad in 2018, and supported by the Google Black Founder's Fund, the company has received a recent grant investment of $5.00K from the Ecobank Fintech Challenge as of 09 October 2023.
Mondu