Dubai-Based Fintech Flexxpay Signals Intent for MENA-Wide Expansion with New Beirut Setup

Dubai-based fintech startup, Flexxpay, has taken a step forward in its plans for MENA expansion, with the announcement that it has launched a new telesales centre in Lebanon.

Described as a financial wellness startup, Flexxpay was launched in 2018 by Michael Trüschle and Charbel Nasr to offer an alternative to the traditional corporate payment cycle. Through its app, Flexxpay allows employers to offer their employees their salaries commissions in advance, charging a small transaction fee, rather than interest.

Already boasting on-ground sales forces in UAE, KSA and Bahrain, the new Beirut-based telesales centre is seen as an important factor in strategic growth across the region. 

“Since the peak of the pandemic last spring, we have increased our monthly transactions by seven-fold and expect an increase of more than 10-fold in the next six months,” said Trüschler, who also serves as the CEO. “This is just the beginning of significant expansion for us, as people need solutions like FlexxPay more than ever. Setting up the telesales centre in Lebanon is a strong empowerment for our business in addition to our existing on-ground sales staff,” he continued, adding that the startup has chosen ZIWO as its on-cloud call centre collusion.

The news comes following a Series A funding round in March 2020, raised from Bahrain's Al Salam Bank and Chinese venture capital fund, MSA.

Learn more about Flexxpay here.