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Developer of a cloud-based salary tracking platform designed to adjust unavoidable expenses arising in the middle of a pay cycle. The company's platform allows an alternative to the traditional pay cycle through which the employers can offer employees a portion of their already-earned but yet to be paid salary.
Last updated
In 2024, FlexxPay's revenue reached $1.9M. The company previously reported $1.2M in 2023. Since its launch in 2018, FlexxPay has shown consistent revenue growth.
FlexxPay has not publicly disclosed its valuation. The company has raised $4.5M in total funding to date.
FlexxPay has raised $4.5M in total funding across 2 rounds, with its most recent round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Funding round | $3M | - | - | |
| 2019 | Funding round | $1.5M | - | - |
CEO
Michael is an entrepreneur, a media & e-commerce guru, and an expert on setting up & growing businesses in the GCC. He likes building up strong teams and businesses from the ground, and can tab into a powerful network of individuals from the media, logistics and telco industries. He is the co-founder of the one of the most instantly recognizable brands in the Arab World, the Middle East’s home shopping channel citrussTV. He successfully exited the company in 2017 to Chinese investors. In 2018 he founded FlexxPay, a technology company that provides employee benefit solutions for companies of all sizes. The FlexxPay platform improves employee productivity & retention rates for businesses by removing financial stress from employees. Through FlexxPay’s cloud-based technology solution, employees can access a series of services and benefits including accessing a portion of their already earned salary
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We do not have customer count information for FlexxPay yet.
FlexxPay employs approximately 23 people as of 2026.
FlexxPay generates an estimated $1.9M in annual revenue.
FlexxPay was founded by Michael Trüschler.
The CEO of FlexxPay is Michael Trüschler.
FlexxPay raised $4.5M across 2 rounds.
FlexxPay has 23 employees.
FlexxPay is headquartered in Riyadh, Saudi Arabia.
FlexxPay operates across multiple industries. Browse revenue, funding, and growth data for FlexxPay in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$1.9M(Est.)
Funding
$4.5M
Team
23
Founded
2018
| Year | Milestone | Source |
|---|---|---|
| 2024 | FlexxPay Hit $1.9m revenue in October 2024 | Estimated |
| 2023 | FlexxPay Hit $1.2m revenue in October 2023 | Estimated |
| 2021 | FlexxPay Hit $2.1m revenue in April 2021 | |
| 2018 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 23 employees (October 2024) | |
| 2023 | Reached 23 employees (October 2023) | |
| 2022 | Reached 35 employees (October 2022) | |
| 2021 | Reached 48 employees (December 2021) | |
| 2021 | Reached 24 employees (April 2021) |
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