Flow48 Secures $25 Million in Pre-Series A Financing

Fintech startup Flow48 announced US$25 million in pre-Series A funding. This marks a significant milestone in its mission to push the boundaries of SME lending. The round, a mix of equity and debt, includes notable investors such as Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavour Catalyst and TLG, as well as angel investors including NEA's Scott Sandell.

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Fintech startup Flow48

Flow48, founded by Idriss Al Rifai with the principle of addressing the challenges faced by SMEs in securing working capital financing. It has developed a state-of-the-art platform characterised by its real-time functionality, seamless integration with major ERP providers, payment services and payment services. Flow48 is able to set new standards in SME lending by enriching its proprietary risk engine and leveraging data arrays from various sources, offering a more precise and efficient credit assessment process.

As part of its broader mission, Flow48 collaborates with SMEs that are making a positive environmental impact. This includes not only focusing on green energy sectors but also supporting businesses that integrate sustainable practices into their business models. Flow48 proudly counts among its diverse client base many businesses led by women and minority migrants. It is making a strategic foray into South Africa, attracted by its strong SME lending market and developed fintech ecosystem. It's a move that aligns with the company's commitment to data-driven, real-time lending solutions and its passion for empowering SMEs in emerging markets globally. Moving to South Africa is not only geographical but also a deliberate step to integrate into thriving fintech ecosystems.

Flow48's recent funding success and expansion plans underline its commitment to redefining the B2B lending space with a focus on ESG principles. As we continue to innovate and grow, Flow48 will capitalise on emerging opportunities in the international financial services arena. It is also well positioned to drive effective change for SMEs around the world.