{"id":40792,"date":"2025-02-25T13:24:31","date_gmt":"2025-02-25T10:24:31","guid":{"rendered":"https:\/\/entarabi.com\/?p=40792"},"modified":"2025-02-25T13:48:33","modified_gmt":"2025-02-25T10:48:33","slug":"flow48-secures-69m-series-a-funding","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/02\/flow48-secures-69m-series-a-funding\/","title":{"rendered":"Flow48 Secures $69M Series A Funding"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Flow48 Secures $69M Series A Funding to Expand into Saudi Arabia \u2013 The funding round, led by Breega, includes both debt and equity investments from major investors like 212, Speedinvest, and Endeavor Catalyst.<\/li>\n\n\n\n<li>Flow48 aims to strengthen its presence in the UAE and South Africa while leveraging alternative data and risk assessment tools to provide tailored financial solutions for SMEs.<\/li>\n<\/ul>\n\n\n\n<p>Flow48, a fintech transforming SME lending across emerging markets, is excited to announce today the successful close of its $69 million Series A funding round. The round, which is a combination of debt and equity, was led by Breega and has seen further investments from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC, among others. This milestone marks a major step forward in the company\u2019s mission to redefine access to capital for underserved SMEs across the Middle East and Africa.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Building On a Year of Exceptional Progress<\/h2>\n\n\n\n<p>Flow48 exceeded its roadmap targets and achieved key milestones, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Securing a large and scalable debt facility from sophisticated financial institutions.<\/li>\n\n\n\n<li>Strengthening its market presence in South Africa while cementing its position in the UAE.<\/li>\n\n\n\n<li>Introduce new products for SMEs and expand into Saudi Arabia and other potential key markets.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Scaling Across MENA<\/h2>\n\n\n\n<p>With this new funding, Flow48 is set to further expand in its two key markets, and replicate its solution in Saudi Arabia, the largest economy in the MENA region, with a sizable yet underdeveloped SME ecosystem. The company will also continue to add new features to enhance its platform capabilities, leveraging alternative data sources and advanced risk assessment tools to deliver tailored financial solutions to SMEs.<\/p>\n\n\n\n<p>\u201cWe\u2019ve seen tremendous progress in the SME lending landscape, and this additional funding allows us to enhance our services even further,\u201d said Idriss Al Rifai, CEO &amp; Co-Founder of Flow48. \u201cSMEs are the backbone of every economy. They create 90% of jobs and contribute to 50% of GDP, yet they remain under-supported. We\u2019re deeply committed to bridging this gap and fostering sustainable growth.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Diversify Regional Economies<\/h2>\n\n\n\n<p>Beyond lending, Flow48 is centralizing critical data insights in a region where SME operational data is fragmented. By aggregating data on payments, operational behaviors, and sector-specific performance, Flow48 is building a robust foundation for smarter decision-making and risk-based lending.<\/p>\n\n\n\n<p>Aligned with government goals to diversify regional economies beyond oil, gas, and real estate, Flow48 is playing a pivotal role in empowering SMEs to drive economic transformation. The company has also seen significant interest from traditional financial institutions and fintechs seeking partnerships to distribute SME lending solutions, underscoring Flow48\u2019s position as a leader in the sector.<\/p>\n\n\n\n<p>\u201cThe SME lending space is seeing rapid growth across the region, with recent capital raises demonstrating the sector\u2019s enormous potential,\u201d said Idriss. \u201cThis is a tide that raises all boats. Every success in this space benefits the sector as a whole, and we\u2019re thrilled to contribute to this momentum while working to be the leader in the region.\u201d<\/p>\n\n\n\n<p>The company is deeply grateful for the support of its investors, including Breega, who led this round. \u201cHaving knowledgeable investors on board who bring not only capital but also deep expertise is critical to achieving our vision of becoming the leading SME lender across the region,\u201d added Idriss.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Investor Quotes<\/h2>\n\n\n\n<p>Ben Marrel, CEO &amp; Founding Partner at Breega, added:&#8221;It\u2019s an honor to lead Flow48\u2019s Series A. The team\u2019s ability to consistently deliver on their ambitious roadmap is remarkable, demonstrating both vision and execution. Their innovative approach to SME financing is reshaping the lending landscape in the GCC, unlocking capital for businesses that are the backbone of the region\u2019s economy. We are proud to support Flow48 in scaling their impact and driving financial inclusion across the market.&#8221;<\/p>\n\n\n\n<p>Enrique Mart\u00ednez Hausmann, Principal at Speedinvest, said: \u201cI\u2019ve had the privilege of watching Flow48 grow since their pre-seed round, and I\u2019m incredibly impressed by how they have executed their vision. Idriss and his team are building something unique and impactful and having seen similar revenue-based financing models succeed in other regions, I\u2019m confident Flow48 is on track to lead the market.\u201d<\/p>\n\n\n\n<p>Allen Taylor, Managing Partner at Endeavor Catalyst, commented: &#8220;At Endeavor, we believe the power of being a serial founder lies in how each venture builds on the last\u2014deepening expertise, sharpening execution, and amplifying impact. Since joining our community in 2015, Idriss Al Rifai hasn\u2019t just shaped the tech sector in MENA; he\u2019s become a role model for the next generation of founders. We\u2019re proud to back him and the Flow48 team as they redefine SME lending in the region.&#8221;<\/p>\n\n\n\n<p>Commenting on the fundraising announcement, Hasan Haider, Managing Partner at +VC said: &#8220;We are excited to back Idriss and his team as they redefine access to capital for SMEs across the MENA. Flow48 is addressing a critical gap, offering the rapidly increasing demand for financing solutions in the dynamic SME lending arena. We look forward to supporting them as they pioneer to become leaders in this space.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flow48, a fintech transforming SME lending across emerging markets, is excited to announce today the successful close of its $69 million Series A funding round. The round, which is a combination of debt and equity, was led by Breega and has seen further investments from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":40773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[7357,2397],"class_list":["post-40792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-flow48","tag-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/40792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=40792"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/40792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/40773"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=40792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=40792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=40792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}