Flow48 Secures $25 million in pre-Series A Funding Round
UAE-based fintech Flow48 has secured $25 million in pre-Series A funding round. The money received from the funding round will enable the company to push further into the company’s expansion plans into South Africa.
The round was a mix of equity and debt and included various investors such as Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, and TLG, as well as angel investors, among them Scott Sandell from NEA.
“What we are bringing to the table is essential for SME growth in the region’s economic landscape. The team is on track to become a full-service fintech solution for SMEs and expand their offerings to insurance, payments, and other financial services," remarked Enrique Martinez Hausmann, Principal at Speedinvest.
Flow48’s focus is on empowering SMEs and prioritising funding SMEs owned by minorities and women. The company’s strategic venture into South Africa aligns with its commitment to data-driven, real-time lending solutions and empowering SMEs across emerging global markets.
“We believe that if the gap in financing exists for everyone and every industry, the hurdle is even higher if you are a woman or from a minority background. What we offer can be vital for these small business owners. We are contributing to building a more equitable economic environment. says Founder of Flow48 Al Rifai.
Following its recent funding success, the company is committed to redefining the B2B lending space with a focus on ESG principles.
The company says “As we continue to innovate and grow, Flow48 is well-positioned to leverage emerging opportunities in the international financial services arena, driving impactful change for SMEs worldwide.”
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