Startup Wrap – Saudi Arabia s venture landscape receives influx of expanding startups arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
The UAE-based fintech startup Flow48 grabbed the biggest funding cheque in the Middle East this week while two other companies from the country and one ..
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.
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.