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The offering includes a fully-fledged digital bank account for anyone at no cost

The partnership provides companies with digital bank accounts to their unbanked employees via the FlexxPay app.

FlexxPay is currently available in the UAE and Saudi Arabia, and will be launched in Bahrain next month.

Wamda participates in FlexxPay’s $3 million pre-Series A round Wamda, the Middle East region's leading startup ecosystem enabler, has invested in Dubai-based Shari’a compliant employee benefit platform FlexxPay’s $3 million pre-series A round.  The round saw participation from JIMCO, Target Global, DIFC FinTech Fund, March Holding, Arzan VC, SuknaVentures, Nuwa Capital and VentureSouq. Founded in 2018, FlexxPay enables employees to access already-earned income such as salaries, commissions, pensions and end of service benefits via its platform, reducing the time and effort spent on ...

RIYADH: FlexxPay, the fintech company with headquarters in Saudi Arabia and the UAE, has raised $3 million in a pre-series A round of funding, the company announced on Sunday. The latest funding was backed by leading international and regional investors. In addition to March Holding, which has backed FlexxPay since its seed round, investors include JIMCO, Target Global, Wamda,