Flow48, a UAE-based fintech startup which transforms future revenues into up-front capital under flexible terms, raised $25M in Pre-Series A funding.
The round saw participation from Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, and TLG, as well as angel investors, among them Scott Sandell from NEA.
The company intends to use the funds to accelerate its expansion plans into South Africa.
Founded in 2022 by Idriss Al Rifai, Flow48 has developed a platform that stands out with its real-time functionality, integrating with major ERP providers, payment gateways, and e-commerce platforms. By enriching its proprietary risk engine and leveraging arrays of data from several sources, Flow48 is able to offer a more precise and efficient credit assessment process, setting new standards in SME lending. Flow48 provides upfront financing to SMEs to facilitate their growth by transforming future revenues into up-front capital under flexible terms. The platform integrates with major ERP providers, payment gateways, and e-commerce platforms. By enriching its proprietary risk engine and leveraging arrays of data from several sources, Flow48 is able to offer a more precise and efficient credit assessment process, setting new standards in SME lending.
FinSMEs
04/12/2023