Egyptian cashless payments app Flash has raised a US$6 million seed round to accelerate its product development, as well as its customer and business acquisition. Businesses can accept payments directly from consumers without the need for point-of-sale (POS) systems or technical integration. Flash has also obtained approval from the Central Bank of Egypt in partnership with Banque Misr to operate as a technical payment aggregator. We are also excited to be releasing new features to help consumers make better spending decisions,” he said. “We look forward to supporting Flash and its leadership team as they continue to accelerate product development, expand customer bases and help promote financial inclusion,” he said.

Source: The North Africa Journal July 18, 2023 12:35 UTC