(FLASH INTERNATIONAL) - Entrepreneurship has boomed with the advent of new technologies. The growth in internet penetration in the Democratic Republic of Congo has encouraged the creation of many young companies working in new technologies.

According to some studies, the failure rate of Start-Ups is estimated at 90%. Therefore, Start-Up financing is always perceived as a risky bet by banks. However, most start-ups have significant financing needs due to initial technological investments.

In the DRC, FLASH International is among the companies that support innovative Start-Ups by providing them with financing for their growth and a support framework for the success of their projects.

SCHOOLAP is among the Start-ups that benefit from FLASH International funding for its growth and finally accelerate its techno-innovation in the education field throughout the national territory.

The announcement of this funding was made on December 17, 2019 during a press conference in Kinshasa in front of media professionals, as well as representatives of the political world and the business ecosystem.

Jonathan Johannesen, CEO of Flash International, and Pascal Kanik, CEO of Schoolap, signed a memorandum of understanding during the press conference for funding of $ 500,000.

About Flash International

Flash International is a company working in FinTech, it offers financial services and value-added products to the Congolese population through the Flash/CFC agencies network.

About Schoolap

SCHOOLAP SARL, a technology company in accordance with Congolese law, offering digital education services through mobile, web and desktop applications via the Internet and the commercialization of various types of IT terminals, equipped with a range of products that facilitate access to educational content for students, teachers, students and other scientists, as well as the administrative management of primary, secondary, professional and university education.