Industry Newsroom

Wamda Capital Invests in FlexxPlay

Middle East and North Africa-focused venture capital fund manager Wamda Capital has invested in UAE-based employee benefits provider Flexxpay. The investment is reportedly part of a larger funding round that includes the company’s existing individual and corporate investors. Through its cloud-based platform, Flexxpay provides employees with services such as advanced access to earned salary and commission. The company plans to use the new funding to enhance its technology platform and secure additional corporate clients. Financial details of the transaction were not disclosed.