Participated · Series A · Sep 2024

FlapKap provides revenue-based and embedded financing to help SMEs scale inventory and digital advertising by offering instant funding and pay-later options. The platform ingests non-traditional data (payment gateways, social media, e‑commerce sites, bank accounts) and uses open banking and AI-powered models to underwrite and approve applicants, often within 48 hours. FlapKap targets offline and online SMEs that have limited access to traditional bank loans or venture capital. The company says it has doubled both quarterly originations and disbursements over the last two years. With the new funding it plans to deepen its UAE and Egypt operations and expand across the rest of the GCC and MENA, and to build trade‑finance solutions tailored for B2B companies. FlapKap was founded in 2022 and is headquartered in Abu Dhabi, originally from Egypt. FlapKap is a revenue-based financing platform that provides capital to e-commerce and SaaS brands in the MENA region, enabling them to scale by repaying via a share of future revenues. The company finances expenditures such as inventory, advertising and marketing and recoups capital by adding a fixed fee that clients pay as a percentage of revenue over a set timeframe. Founded in 2022 by Ahmad Coucha and Khaled Nassef, with Sherif Bichara and Adel Hodroj on the founding team, FlapKap targets merchants with limited access to bank or venture financing. It has integrated AI-based insights and financial data analytics with Shopify, WooCommerce, Facebook and Google and says it signed tens of clients in Egypt and the UAE within six months. FlapKap reports 300% quarter-over-quarter growth and claims to have helped customers achieve more than an 85% increase in revenue and over a 70% increase in net profits within a few months. The company plans to use new capital to increase capacity across MENA and consolidate its position as a leading revenue-based financing provider in Saudi Arabia, the UAE and Egypt. FlapKap is a startup founded in 2021 by entrepreneurs with experience in e-commerce, media, and digital banking. The company offers AI-based intelligence to help online businesses optimize advertising spend and a revenue-based variable payment product tied to that ad spend. FlapKap positions itself as a regionalized counterpart to Clearco and Wayflyer, tailored for MEA markets. It launched and completed a $1.2 million funding round in March 2022 led by A15. The company is operating in the UAE and Egypt and plans expansion to Saudi Arabia and broader MEA growth and rapid merchant acquisition. FlapKap aims to support long-term growth for digitally native merchants without imposing liquidity restraints.