Fintech Flow48 secures $69M Series A to expand into Saudi Arabia

Fintech Flow48, whose platform enables SME lending across emerging markets, has raised a $69M Series A funding round. 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 company's revenue streams, enabling it to offer tailored financing options based on real-time business performance. Flow48 aims to bridge the funding gap for SMEs, helping them scale efficiently while maintaining financial stability. 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. Additionally, the company aims to enhance its platform by integrating new features, utilizing alternative data sources, and implementing advanced risk assessment tools to provide more tailored financial solutions for SMEs.

“We’ve seen tremendous progress in the SME lending landscape, and this additional funding allows us to enhance our services even further,” commented Idriss Al Rifai, CEO & Co-Founder of Flow48.

“SMEs are the backbone of every economy. They create 90 percent of jobs and contribute to 50% of GDP, yet they remain under-supported. We’re deeply committed to bridging this gap and fostering sustainable growth.”

Ben Marrel, CEO & Founding Partner at Breega, added: "It’s an honor to lead Flow48’s Series A. The team’s ability to consistently deliver on their ambitious roadmap is remarkable, demonstrating both vision and execution.

"Their innovative approach to SME financing is reshaping the lending landscape in the GCC, unlocking capital for businesses that are the backbone of the region’s economy. We are proud to support Flow48 in scaling their impact and driving financial inclusion across the market."