Egyptian fintech company Flash has raised $6 million in seed funding led by venture capital firm Addition. Flash provides cashless payment solutions through a scan-and-pay service using QR codes, allowing businesses to accept payments without costly technical integrations. The platform aims to promote digital payments and reduce cash dependency in Egypt, where cash on delivery is still prevalent. Flash's services are used by e-commerce platforms and businesses offering cash on delivery options. The company secures its transactions through partnerships with the Central Bank of Egypt and Banque Misr, ensuring that payments go directly to businesses' bank accounts. Flash plans to expand its customer base and product development with the funding received.
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