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Flow48 is expanding Access to Capital for SMEs
UAE-based fintech Flow48 has raised $69 million in Series A funding, combining debt and equity. The round was led by Breega, with participation from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC.
Founded in 2022 by Idriss Al Rifai, Flow48 is revolutionizing SME financing by turning future revenues into upfront capital under flexible terms, enabling businesses to scale efficiently.
Key Milestones & Market Expansion
The funds will greatly impact the performance of Flow48. With this new investment, the fintech plans to:
- Expand in Saudi Arabia & the UAE – two of MENA’s largest small and medium enterprise markets
- Introduce new financial products tailored for growing businesses, especially SMEs in the MENA ecosystem
- Enhance its lending platform with alternative data sources & AI-driven risk assessment
“SMEs contribute 50% of GDP and create 90% of jobs, yet they remain underfunded. Flow48 is committed to bridging this gap and driving sustainable growth,” said Idriss Al Rifai, CEO & Co-Founder.
Strengthening SME Lending & Financial Inclusion
Flow48 is not just a lending platform—it is building a data-driven ecosystem to empower SMEs. By aggregating payment trends, operational behaviors, and sector insights, the UAE fintech enables smarter decision-making and risk-based lending.
- Boosting economic diversification beyond the normal oil, gas, and real estate sectors
- Forming strategic partnerships with banks & fintechs to expand SME financing
- Providing faster, more accessible capital solutions
“The SME lending sector is booming across MENA, and Flow48 is leading the charge in unlocking capital for high-growth businesses,” said Ben Marrel, CEO of Breega.
What’s Next for Flow48?
- Scaling operations across MENA & Africa
- Enhancing its AI-powered risk assessment tools
- Deepening partnerships with financial institutions
With strong investor backing and a clear vision, Flow48 is well-positioned to redefine SME financing in emerging markets. It has a great potential to target the Gulf region specifically and MENA at large.
