BlinkApp, an Egyptian-based mobility road assistance startup has closed a six-figure pre-Seed round from investors in KSA and UAE.
Founded in 2017 by Wael Noufal and Ahmed El-Mahd, BlinkApp aims to improve general driving behaviour, offer faster road assistance and keep roads safer for drivers, passengers and commuters.
It uses sensors and AI technology in smartphones to generate and analyze insightful data to monitor drivers’ behaviour and assist customers.
“BlinkApp’s selling point is that it is a full platform that can function independently or integrate with other apps. It offers optimum performance because its processing is based on edge computing and not cloud computing. Also, customers can save money from affordable subscription fees”, said Wael-Noufal, co-founder and CEO of BlinkApp.
BlinkApp is committed to providing maximum support for their customer base which is not only restricted to individual car owners but also fleet owners and even insurance companies, helping them minimize accidents and risk impact on cars.
Triggered by a personal experience of a car accident and not having any emergency numbers to call, Wael-Noufal made a decision to help and protect others from living in fear of a similar experience.
BlinkApp and Egypt Japan University for Science and Technology (EJUST) just signed two patents to facilitate research after it secured $210,000 in equity-grants from ITIDA through the ITAC development and it expects to have over six million users on board, reach $5 million in GMV transactions from B2B & B2C sectors a return of $19 million in revenue by 2025.
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