{"id":546453,"date":"2022-05-17T04:00:52","date_gmt":"2022-05-17T04:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/cairo-angels-expands-outside-of-egypt-with-investment-in-kenyan-fintech\/"},"modified":"2022-05-17T04:00:52","modified_gmt":"2022-05-17T04:00:52","slug":"cairo-angels-expands-outside-of-egypt-with-investment-in-kenyan-fintech","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/cairo-angels-expands-outside-of-egypt-with-investment-in-kenyan-fintech\/","title":{"rendered":"Cairo Angels expands outside of Egypt with investment in Kenyan fintech"},"content":{"rendered":"

<\/a> Cairo Angels Syndicate Fund has made an investment in Kenyan <\/strong>fintech startup <\/strong>FlexPay<\/a><\/strong>, the VC fund announced in a statement (pdf)<\/a> yesterday. This is Cairo Angels\u2019 first investment in Africa outside of Egypt, according to the release, which did not put a figure on the size of the cheque the fund wrote.<\/p>\n

About the company:<\/strong> FlexPay is a \u201csave now, buy later\u201d payment platform (as opposed to buy now, pay later or BNPL) that allows customers to pay for goods in installments using savings, rather than credit. \u201cAs Africa\u2019s first merchant-embedded saving-based purchase experience that rewards customers for saving, we aim to solve the un-affordability gap for the large under-banked African population without subjecting them to the debt trap,\u201d said founder and CEO Richard Machomba.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cairo Angels Syndicate Fund has made an investment in Kenyan fintech startup FlexPay, the VC fund announced in a statement (pdf) yesterday. This is Cairo Angels\u2019 first investment in Africa outside of Egypt, according to the release, which did not put a figure on the size of the cheque the fund wrote. About the company: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[400,72,183,1877,1876,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546453","post","type-post","status-publish","format-standard","hentry","category-startup-watch","tag-cairo-angels","tag-enterpriseam","tag-fintech","tag-flexpay","tag-kenya","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"c74c2f79-460d-4f80-9886-e5eec1c7396b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[546443],"teaser":"","voice_url":""},"yoast_head":"\nCairo Angels expands outside of Egypt with investment in Kenyan fintech - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/cairo-angels-expands-outside-of-egypt-with-investment-in-kenyan-fintech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cairo Angels expands outside of Egypt with investment in Kenyan fintech\" \/>\n<meta property=\"og:description\" content=\"Cairo Angels Syndicate Fund has made an investment in Kenyan fintech startup FlexPay, the VC fund announced in a statement (pdf) yesterday. 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This is CASF\u2019s second investment outside of Egypt and their third fintech investment, according to the release.About Finclusion: The startup\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/416.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547240,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/credpal-secures-usd-six-figure-funding-from-cairo-angels-eyes-stepping-foot-into-egypt\/","url_meta":{"origin":546453,"position":2},"title":"CredPal secures USD six-figure funding from Cairo Angels, eyes stepping foot into Egypt","author":"enterpriseam admin","date":"14 June 2022","format":false,"excerpt":"The Cairo Angels Syndicate Fund (CASF) has invested USD six figures in Nigerian BNPL fintech startup CredPal, the VC fund said in a press release (pdf). 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The energy of the local entrepreneurship scene has kept our adrenaline pumping, along with the little bits and pieces of chaos that remind\u2026","rel":"","context":"In "ENTERPRISE ON THE ROAD"","block_context":{"text":"ENTERPRISE ON THE ROAD","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-on-the-road\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/335.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573521,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/09\/elgameya-raises-six-figure-pre-seed-investment\/","url_meta":{"origin":546453,"position":4},"title":"ElGameya raises six-figure pre-seed investment","author":"enterpriseam admin","date":"9 August 2020","format":false,"excerpt":"STARTUP WATCH- Egyptian fintech startup ElGameya has raised an undisclosed six-figure investment in a pre-seed round led by AUC Angels, reports Menabytes. Cairo Angels and Alex Angels also participated in the funding round. 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