Egyptian fintech startup, Flick, raises $1 million in a Pre-Seed funding round

Funding Rounds

Summary

Egyptian fintech startup Flick has just raised $1M from an angel investor in a Pre-Seed funding round. The startup aims to solve the common pain points in the traditional methods of international money transfer. Customers can transfer money using the Flick mobile app from anywhere and everywhere without any commuting needed for both the sender and the recipient. “Our team covers a great area of expertise, and we have a track record in planning, commercial and technical. I now intend to focus on the quality of the customer’s journey.” According to MAGNiTT, Flick plans to penetrate the $18.8-billion Gulf markets quickly and aggressively, including Saudi Arabia, UAE, Kuwait, and Jordan.

$ Funding

$
Amount $1.0M Total raised
Date October 4, 2020 Announcement date
Investors - Lead investors
Company https://www.viaflick.com/ Funded company

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industries
Fintech & Banking
applications
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