Flow48 operates a revenue-based financing platform that enables SME lending across emerging markets by leveraging advanced data analytics and AI-driven risk assessment tools. The platform integrates with payment systems and financial data sources to assess revenue streams and offer tailored, fast and flexible access to capital without requiring equity dilution or traditional collateral. Flow48’s product targets underfunded small and medium-sized enterprises and aims to bridge the SME funding gap to support scaling and financial stability. The company plans to expand its presence in its primary markets and introduce its solution in Saudi Arabia, while broadly targeting SMEs across the Middle East and Africa. With the new funding, Flow48 will enhance its platform by adding new features, utilizing alternative data sources, and implementing more advanced risk-assessment capabilities. Leadership comments from CEO & Co‑Founder Idriss Al Rifai emphasize the company’s commitment to supporting SMEs and scaling its impact. Flow48 is a UAE-based fintech that offers revenue-based financing (RBF) aimed at small and medium-sized enterprises in the MENA region. Its platform is designed to assemble a comprehensive view of SME financial strength by plugging into various sources of information and data to underwrite non-dilutive financing. The firm completed a pilot of its platform between this year and last. Flow48 raised $25 million in a pre-Series A round (a mix of equity and debt) to expand the RBF model across the region and into new markets such as South Africa. Founder Idriss Al Rifai, previously founder of Fetchr, brings experience solving last-mile logistics and address challenges in the Middle East, which the company says informs its product design. The business is targeting a region with a large SME funding gap and strong e-commerce growth forecasts in Saudi Arabia, UAE and Egypt, which the article cites as a tailwind for RBF adoption.

Total raised

$94M

Funding rounds

4

Latest round

Series A

Latest activity

Feb 2025