FlexxPay research with sample businesses onboarded to the platform shows that it can reduce employee absenteeism by up to 20%, increase productivity by up to 50%, and increase sales by up to 17%.

Nuwa Capital has built its value proposition around supporting founders and companies it invests in through a structured value creation framework with a network of operating partners and through connecting the fund’s investors and Limited Partners.

The round was joined by international and regional investors including JIMCO, Target Global, Wamda, DIFC FinTech Fund, March Holding (which has been backing FlexxPay since its seed round), Arzan VC, SuknaVentures, Nuwa Capital and VentureSouq.