Fundz

Flow 48 Celebrates Successful Second Funding Round, Aims To Tackle Fintech Challenges In Emerging Markets

PRIVATENov 09, 2023

Round Type

Funding Round

United StatesFinancial Services

Description

Pioneering fintech company, Flow 48 is pleased to announce the successful completion of its second funding round. This round of funding will provide the company with the capital it needs to address the challenges of fintech innovation, particularly in the Middle East and other developing markets. The company's mission to empower small and medium-sized enterprises (SMEs) and bridge the gap between traditional banking systems and underserved businesses is gaining momentum.

Quick answer

Flow 48 raised an undisclosed amount in a Funding Round round, dated November 9, 2023. Flow 48 is based in United States.

How much did Flow 48 raise?
Flow 48 raised an undisclosed amount in a Funding Round round on November 9, 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.

  • BenePass raised $20M on December 22, 2023.
  • Credit Acceptance Corporation raised $294M (Funding Round) on December 21, 2023.
  • Vestwell raised $125M (Funding Round) on December 21, 2023.
  • Spring Free EV raised $4.6M (Seed) on December 20, 2023.
  • Centi raised an undisclosed amount (Seed) on December 20, 2023.
  • Finhaat raised $3M (Seed) on December 20, 2023.

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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