212, Turkey's first venture capital fund, continues to invest in software, technology and fintech companies offering services in the global arena. The company made its second fintech investment after iyzico to Flow 48, a France-based fintech company operating in the Middle East and North Africa Region. Flow48, which provides services in the field of revenue based financing (revenue based financing), received an investment of $ 25 million in the pre-Series A investment round, including 212. In addition to 212, angel investors including Speedinvest, Daphni, Blockchain Founders Fund, Unpopular Ventures, Endeavour Catalyst, TLG and Scott Sandell, CEO of global venture capital firm NEA, participated in the investment round consisting of equity and debt financing. Flow48 plans to expand to the South African market with the investment.
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New Investment from 212
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