Locations
Nairobi, Kenya · Nairobi County, Kenya · helsinki-uusimaa, finland · Voi, Kenya · Lamu, Kenya · Meru, Kenya · Industrial Area, Nairobi, Kenya · Kibera, Nairobi, Kenya
industry
Finance
Size
11-50 employees
Stage
Other
founded in
2015
Flexpay is a merchant-embedded digital save-to-buy experience that rewards customers for saving up for large and small purchases they need. We collaborate with retailers, brands, marketplaces, and banks to reward customers for saving up for the things they want, closing the affordability gap debt-free, increasing customer retention, and growing sales for the merchants. Low disposable incomes limit a vast majority of Africans from buying or accessing products and services they want. Additionally, consumers are being pushed towards the booming ‘Buy Now, Pay Later’ credit-driven models in the consumption ecosystem, which is predatory and leads to impulse buying and debt. There has never been anything embedded in the retail experience that incentivizes people to save up for purchases as a way of closing the affordability gap. Flexpay is backed by Techstars, Google Launchpad, and Google Black Founder's Fund.
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