Fintech Flow48 secures $69M Series A to expand into Saudi Arabia
Summary
The round, which is a combination of debt and equity, was led by Breega with participation from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and +VC, among others.Flow48 is a Turkish fintech that provides revenue-based financing solutions for small and medium-sized enterprises (SMEs) in emerging markets. By leveraging advanced data analytics and AI-driven risk assessment tools, Flow48 offers businesses fast and flexible access to capital without requiring equity dilution or traditional collateral. The platform integrates with various payment systems and financial data sources to assess a companys revenue streams, enabling it to offer tailored financing options based on real-time business performance. The company will now target SMEs in the Middle East and Africa.With this new funding, Flow48 plans to expand its presence in its two primary markets and introduce its solution in Saudi Arabia, the largest economy in the MENA region, which has a significant but underdeveloped SME ecosystem. Were deeply committed to bridging this gap and fostering sustainable growth.Ben Marrel, CEO & Founding Partner at Breega, added: "Its an honor to lead Flow48s Series A.