Flapkap With this pre series a funding, flapkap will expand its capabilities in the uae and gcc region, deploying more capital to empower smes in the space and helping them maximise their growth potential. Flapkap, a leading fintech platform headquartered in abu dhabi’s hub71, has announced the completion of a $34 million pre series a funding round to expand its sme financing operations across the mena region.
Flapkap Turbocharge Your Business Growth With this pre series a funding, flapkap will expand its capabilities in the uae and gcc region, deploying more capital to empower smes in the space and helping them maximise their growth potential. Flapkap focuses on revenue based and embedded financing for smes in e commerce, retail, and restaurant sectors, using data driven approach to streamline loan approval and expand services in mena and gcc regions. Initially launched to aid e commerce businesses, as well as industries such as retail and restaurants, flapkap has expanded its services to support a broader spectrum of smes. The newly secured capital will support flapkap’s plans to expand its financing services for small and medium sized enterprises (smes) across the middle east, north africa (mena), and gulf cooperation council (gcc) regions.
Finanshels Flapkap Partnership Smefinancing Businessgrowth Initially launched to aid e commerce businesses, as well as industries such as retail and restaurants, flapkap has expanded its services to support a broader spectrum of smes. The newly secured capital will support flapkap’s plans to expand its financing services for small and medium sized enterprises (smes) across the middle east, north africa (mena), and gulf cooperation council (gcc) regions. The funds will be used to expand flapkap’s capabilities in the uae and gcc, supporting smes and enhancing its technology for b2b trade finance products. the mena region faces a $210 240 billion msme financing gap, impacting business growth. The pre series a round will fuel flapkap's growth, allowing it to extend its presence in the uae and gcc, while deploying more capital to empower smes in the region. the fintech also plans to upgrade its technology infrastructure and introduce trade finance products tailored for b2b businesses. The funding will enable flapkap to enhance its operations in the uae and gcc, expand its sme lending capabilities, and develop new trade finance products for b2b businesses. With this funding, flapkap will expand in the uae and gcc region and launch trade finance products exclusively designed for smes businesses that had limited access to traditional bank loans.
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