MoXey builds banking and payment infrastructure to create a digital financial ecosystem specifically for the mobility and logistics sectors. The platform offers services including digital payments, supply chain finance (SCF), leasing, Buy Now Pay Later (BNPL), and invoice factoring for fleet partners, transporters, and merchants. This technology streamlines financial operations, optimizes working capital, and promotes financial inclusion for drivers and smaller operators.
Funding
Funding not disclosed
Founders
Product
Problem
The mobility and logistics sectors, particularly in regions like MENA, face challenges with cash-based transactions, leading to inefficiencies, delays, and security risks. Drivers and transporters often lack access to formal financial services, hindering microentrepreneurship and creating cash flow problems for logistics service providers.
Solution
MoXey provides a digital financial ecosystem tailored for the mobility and logistics industries, offering solutions for cashless payments, instant settlements, and optimized working capital. The platform enables fleet owners, operators, and microentrepreneurs to accept online payments and manage complex financial operations through a mobile app and card-based system. MoXey facilitates instant payments to drivers, reduces cash handling, and provides real-time transaction tracking and reporting. Additionally, it offers supply chain financing and invoice factoring to improve supplier resiliency and boost cash flows for transporters.
Target Audience
MoXey targets fleet owners, operators, truck drivers, carriers, freight brokers, and 3PLs within the mobility and logistics sectors, particularly in the MENA region.
Features
- Digital wallet and smart cards for automated disbursements to drivers
- Real-time access to wages for drivers, reducing delays and improving satisfaction
- Instant settlements for carriers and freight brokers
- Supply chain financing to optimize working capital for logistics service providers
- Invoice factoring for transporters to get paid instantly
- Mobile app for easy onboarding, secure payments, and 24/7 cash withdrawal
- Real-time transaction tracking and reporting dashboards
- Integration with partner stores for consumer financing for suppliers
- Usage-based rewards and discounts