Fundz

Revenue-Based Financing Heats-Up In The Middle East As Flow48 Attracts $25M In Funding

PRIVATEDec 01, 2023

Amount Raised

$25 Million

Round Type

Funding Round

United StatesFinancial Services

Description

Against this background, Flow48, a UAE-based fintech, has now raised $25 million in pre-Series A funding, with an aim to push this business model into the SME space in the MENA region. The round is a mix of equity and debt, and investors include 212 VC (a Luxembourg-domiciled, Istanbul-based fund), Austria’s Speedinvest, Daphni, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst and TLG, as well as angel investors including Scott Sandell from NEA.

Quick answer

Flow 48 raised $25 Million in a Funding Round round, dated December 1, 2023. Flow 48 is based in United States.

How much did Flow 48 raise?
Flow 48 raised $25 Million in a Funding Round round on December 1, 2023.
What does Flow 48 do?
The move is savvy because there is a lot more beyond Revenue Based Financing that a MENA-focused fintech lending platform could do in the growing regional economy.
Where is Flow 48 based and how big is it?
Flow 48 is based in United States.
Who are the decision-makers at Flow 48?
Fundz holds 1 contact at Flow 48. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Flow 48 that raised within 45 days of this round, from Fundz verified event records.

  • Kasu raised $3M (Seed) on January 15, 2024.
  • Streamex Corp. raised $1.5M (Seed) on January 12, 2024.
  • Finpilot raised $3.8M (Seed) on January 11, 2024.
  • PAYZLI raised an undisclosed amount on January 11, 2024.
  • KlariVis raised $11M (Series B) on January 11, 2024.
  • ALPHA THEORY raised an undisclosed amount (Funding Round) on January 10, 2024.

Who to call at Flow 48, and when

A new round usually means Flow 48 is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Flow 48 raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Flow 48, from your own LinkedIn network

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Company Information

Company

Flow 48

Location

United States

About

The move is savvy because there is a lot more beyond Revenue Based Financing that a MENA-focused fintech lending platform could do in the growing regional economy. Founder Idriss Al Rifai told me me that the company doesn’t have many competitors per se in its core markets, though it does “have similar companies in the US/ Europe such as Wayflier, Pipe.com or the likes of Uncapped or Silvr in France. ”He is therefore hoping Flow48 will be able to assemble a robust view of the the financial strength of its SME clients, and to that end the firm has already completed a pilot of its platform between this year and last. However, as we’ve seen in the US and Europe, it’s unlikely Flow48 will be the last company to launch such a product in the growing MENA region.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.