2 months ago

Flow48 Secures $69M Series A to Expand SME Financing

  • UAE fintech Flow48, founded by Fetchr's founder, raised $69 million in a Series A round led by Breega

  • The funding, a mix of debt and equity, will support expansion into Saudi Arabia and the introduction of new products for SMEs

  • Flow48 offers revenue-based financing solutions to businesses in the UAE and South Africa, providing up to $20 million in funding.

      • ProblemFinancial Services

      "SMEs in the UAE, South Africa, and Saudi Arabia face challenges accessing conventional financing due to strict covenants, high fees, and lengthy due diligence processes."

      Solution

      "Flow48 provides revenue and invoice-based financing solutions to SMEs with a fully digital onboarding process, offering approvals and funding in as little as 24 to 48 hours. They offer up to $20 million in funding to businesses with at least one year of trading history and $100,000 in annual revenue."

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