# Flexpay Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flexpay-technologies

- Industry: Financial Services
- Headquarters: Nairobi, Kenya
- Website: www.flexpay.co.ke
- Latest round: Seed (May 24, 2021)
- Investors on record: 1

## About

Based in Nairobi, Kenya, and founded in 2015 by its CEO Richard Machomba and co-founders Dennis Karanu, Martin maina, and Johnson Gituma, Flexpay Technologies operates as a platform that manages flexible payments for merchants and their customers through mobile money. In May 2021, Flexpay Technologies raised an undisclosed amount of seed funding from new investor LoftyInc Capital Management. As of June 2022, the company works on existing payment platforms like Mpesa and cards.

Flexpay Technologies offers an automated mobile application that enables merchants and their customers to manage flexible payments for both goods and services across mobile money and bank transfer platforms. It helps its users to break down their payments for purchases into smaller chunks and can be paid over a period of time. The company's client base includes Patabay, Hotpoint, Toptank, and Moko.

## Funding rounds

- Seed, May 24, 2021 — LoftyInc Capital Management

## Investors

- LoftyInc Capital Management (https://capitalatlas.ai/funds/loftyinc-capital-management) — Seed