This fintech company offers a mobile app providing digital financing and payment solutions. The platform aims to streamline financial transactions and provide accessible financial services through mobile technology.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional financing options often involve cumbersome paperwork, rigid conditions, and time-consuming processes, creating barriers for individuals seeking quick access to funds. Existing digital payment solutions may lack comprehensive financial services, requiring users to navigate multiple platforms for their various financial needs.
Solution
Flooss provides a Sharia-compliant mobile platform that offers instant digital financing and streamlines payment services within a single application. The platform eliminates paperwork and offers fast approvals, enabling users to apply for financing anytime, anywhere. Flooss leverages integrations with BenefitPay and open banking APIs to facilitate bill payments, prepaid line top-ups, and access to a digital wallet for in-app transactions. By digitizing financial services, Flooss aims to simplify the user experience and provide accessible financial solutions.
Target Audience
The primary target audience includes employed residents of Bahrain between 21 and 64 years old seeking Sharia-compliant instant financing and convenient digital payment solutions.
Features
- Instant Sharia-compliant financing up to 1500 BHD with flexible durations up to 18 months
- Digital wallet for secure in-app payments
- Bill payment functionality for various service providers (EWA, Batelco, Zain, STC)
- Prepaid telecom voucher top-ups
- Integration with BenefitPay for seamless transactions using debit cards
- Military-grade security to protect user data
- Financing profit calculator for transparent cost estimation
- Electronic KYC process for quick onboarding