Tech in Africa
Based in Cairo, BlinkApp has successfully completed a six-figure pre-Seed round that was led by UAE and KSA investors. The Egyptian mobility risk assistance startup looks to have its technology installed on smartphones purposefully to achieve better driving behavior, fast roadside assistance, and road safety for everyone.
The startup previously raised two zero-equity grants of $90,000 and $120,000 from ITIDA’s Information Technology Academia Collaboration Program (ITAC) programme that helped in prototype development and completion of the full project respectively. ITIDA and EJUST helped BlinkApp actualize the product and file two patents.
Mr. Noufal and Prof. Ahmed El-Mahdy was founded by BlinkApp in 2017. Its technology brings science, technology, and business together to achieve cutting-edge mobile solutions to life. Backed by AI BlinkApp saves lives and reduces the driving behavior risk impact to vehicles and accidents. BlinkApp supports all customers from insurance companies, fleet owners, or individuals looking for road safety. The app captures and analyses thousands of miles of data while relying on your smartphone’s sensors and AI technology to monitor the driver behavior, detect collisions, and generate insightful reports that guide and assist the customer.
In the Press release, the CEO of BlinkApp, Wael Noufa described it as a full platform working as a stand-alone or integrating with other apps. Most of its processing relies on edge computing rather than cloud computing in turn saving time and money for customers. BlinkApp further offers its customers competitive subscription fees and high-quality performance.
BlinkApp is working to onboard 6 million users and $5 million GMV revenue transactions from B2C & B2B sectors by 2025. Targeted are individuals, fleet owners, and insurance companies. By 2025, BlinkApp hopes its revenues will exceed $19.8 million.
Source: Wamda
