Flapkap Provides Revenue-Based Financing To E-Commerce Brands In Mena, Gets $3.6M Seed Funding
Amount Raised
$3.6 Million
Round Type
Seed
Description
Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 billion and is projected to grow by more than 50% to $33.3 billion in the next three years. And as MENA shoppers increase their commerce spending, it is increasingly becoming imperative for online stores to position themselves to take full advantage of the growing phenomenon.
Quick answer
FlapKap raised $3.6 Million in a Seed round, dated October 12, 2022.
- How much did FlapKap raise?
- FlapKap raised $3.6 Million in a Seed round on October 12, 2022.
- What does FlapKap do?
- FlapKap is MENA's first revenue-based financing solution for e-commerce and SaaS businesses.
- Who are the decision-makers at FlapKap?
- Fundz holds 1 contact at FlapKap, including the Co-Founder & CTO . Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and E Commerce around the same time
Companies in the same sectors as FlapKap that raised within 45 days of this round, from Fundz verified event records.
- WeGift raised $31M (Series B) on November 15, 2022.
- Lentra raised $60M (Funding Round) on November 14, 2022.
- Shift4 Payments raised $7.9M on October 31, 2022.
- REGO Payment Architectures raised $10M (Series B) on October 13, 2022.
- SeQura raised $145M (Funding Round) on September 27, 2022.
- Binocs raised $4M (Seed) on September 22, 2022.
Who to call at FlapKap, and when
A new round usually means FlapKap is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day FlapKap raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at FlapKap, from your own LinkedIn network
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Fundz sees it the moment FlapKap raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
FlapKap raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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