Flash, a cashless payments app in Egypt, has secured a $6 million funding round led by Addition, with participation from Flourish Ventures and a host of other strategic angel investors. Flash also obtained approval from the Central Bank of Egypt to act as a payment technology service provider in partnership with Banque Misr. Businesses can accept payments from consumers directly without the need for point-of-sale (POS) systems or the need for technical integration. Andrew Miskiewicz of Addition said Flash is changing the payments landscape in Egypt, simplifying transactions for consumers and businesses through a secure and easy-to-use application. This approval reinforces our commitment to developing the cashless payments business environment, introducing new products, and diversifying our digital payment portfolio.

Source: Daily News Egypt July 18, 2023 00:18 UTC