UAE-based fintech start-up Flow48, which provides SMEs with access to revenue-based financing, has secured US$25m in a pre-Series A funding round.
Comprising a mixture of equity and debt funding, the round featured participation from Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, TLG and a number of angel investors.
This round will help Flow48 help SMEs and expand its offerings to insurance, payments, and other financial services.
