UAE fintech start-up Flow48 lands $25m pre-Series A funding

Funding Success: UAE-based fintech start-up Flow48 secures $25 million in a pre-Series A funding round.
Investors: The funding round involves a mix of equity and debt funding, with participation from Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, TLG, and several angel investors.
Company Background: Founded in 2022 by Idriss Al Rifai, Flow48 offers revenue-based financing to SMEs in the UAE, integrating with ERP providers, payment gateways, and e-commerce platforms for precise credit assessments.
Expansion Plans: With the new funding, Flow48 aims to expand globally, focusing on building a presence in South Africa due to its “robust” SME lending market and advanced fintech ecosystem.
Data-Driven Approach: The company emphasizes data-driven, real-time lending solutions and intends to integrate into thriving fintech ecosystems beyond geographical expansion.
ESG Focus: Flow48 expresses commitment to Environmental, Social, and Governance (ESG) principles by prioritizing underrepresented segments, including SMEs owned by women and minorities, aiming to drive positive environmental impacts.
Empowering Small Business Owners: Flow48’s mission is to address financing gaps for all industries, with a specific focus on supporting women and minority-owned small businesses.