FlexxPay, the rapidly expanding MENA tech platform for earned income access, has announced its expansion into Egypt. The company has quickly expanded across the United Arab Emirates and Saudi Arabia, and it is now continuing to expand its presence in the Middle East and North Africa (MENA) with the opening of a new office in Greek Campus, Downtown Cairo.
FlexxPay estimates that around 20 million people across Egypt could benefit from early wage access.
“Launching in Egypt is a proud and significant moment for FlexxPay. There is a real opportunity to support businesses across Egypt with financial technology that can greatly improve productivity and the lives of employees and support the digital transformation of companies. Through flexible access to earned income, employees can access money they’ve already accrued, reducing financial stress and ultimately leading to happier and more productive workplaces,” says FlexxPay CEO and co-founder, Michael Trüschler.
According to research, only about one-third of Egypt’s population has a bank account, which means that many people struggle to access finance between pay days in the event of unexpected bill payments or emergencies. A typical company’s human resources department wastes up to ten days per year processing salary advances. Companies throughout Egypt can benefit from FlexxPay technology, which can save time and money while also improving employee satisfaction and retention.
FlexxPay has established a strong reputation in the United Arab Emirates and Saudi Arabia since its inception in 2020. Serial entrepreneurs Michael Trüschler and Charbel Nasr co-founded the company, which announced in February that it had onboarded its 100th customer and enrolled 15,000 employees across the MENA region. FlexxPay research with sample businesses onboarded to the platform shows that it can reduce employee absenteeism by up to 20%, increase productivity by up to 50%, and increase sales by up to 17%.
FlexxPay is hiring for a number of strategic roles throughout Egypt; if you are interested in FlexxPay careers in Egypt, please email firstname.lastname@example.org. Contact FlexxPay at email@example.com if your company is interested.