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Revenue-based financing heats up in the Middle East as Flow48 attracts $25M in funding

We’ve seen how non-dilutive, revenue-based financing has risen up the priority ranks for companies as the era of ZIRP as the Zero Interest Rate Period 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.

South africaUnited arab emiratesSaudi arabiaIdriss al rifaiScott sandellAl rifaiBlockchain founders fundZero interest rate periodLighter capitalUnpopular venturesEndeavor catalystRevenue based financingMiddle east

Revenue-based financing heats-up in the Middle East as Flow48 attracts $25M in funding

An example of this is how U.S. companies in this vein are oft raising capital, such as Lighter Capital, with its new $130 million credit facility, in August. 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.

United arab emiratesSouth africaSaudi arabiaScott sandellIdriss al rifaiAl rifaiBlockchain founders fundZero interest rate periodLighter capitalUnpopular venturesEndeavor catalystRevenue based financingMiddle east

Emirati Fintech Flow48 Raises $25 Million Pre-Series A Round

Emirati Fintech Flow48 Raises $25 Million Pre-Series A Round
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South africaSouth africanScott sandellAl rifaiIdriss al rifaiBlockchain founders fundUnpopular venturesEndeavor catalyst

Flow48 secures $25 million in pre-Series A funding

UAE-based fintech Flow48 has raised $25 million in pre-Series A funding, comprising a mix of equity and debt from several investors,.

South africaAl rifaiIdriss al rifaiScott sandellEnrique martinez hausmannShabir vasramAllen taylorBlockchain founders fundUnpopular venturesEndeavor catalystRevenue based financingFounding partnerMiddle eastManaging partner

Jordan becomes fourth biggest market for start-up funding in Mena

Jordan becomes fourth biggest market for start-up funding in Mena
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