Cairo-based mobility risk assistance startup, BlinkApp has raised a six-figure pre-Seed round, led by investors located in UAE and KSA.
BlinkApp aspires to have its technology installed on smartphones with the main vision of achieving better general driving behaviour, faster roadside assistance and safer roads for everyone.
Wael Noufal, the co-founder and CEO of BlinkApp, said the real edge of BlinkApp is that it’s a full platform that can work as stand-alone or integrate with other apps. Not only that but also most of the processing is based on edge computing, not cloud computing, which saves a lot of time and money for BlinkApp customers. In addition, BlinkApp offers customers very competitive subscription fees while enjoying high quality and performance.
By 2025, BlinkApp aims to onboard six million users and reach $5 million GMV transactions from B2C & B2B sectors excluding individuals, insurance companies and fleet owners. BlinkApp expects revenue of $19.8 million in 2025.
BlinkApp already raised two zero-equity grants before, with around $210,000, from ITIDA through the ITAC programme to develop research incorporation with Egypt Japan University for science and technology (EJUST). BlinkApp and EJUST registered and filed two patents.
