UAE-based Flow48 has successfully closed a $69m Series A funding round. This is a key step in the fintech’s mission to redefine access to capital for underserved SMEs across the MENA region.
The round was led by Breega, with additional investments from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC.
With the new funding, Flow48 plans to expand its operations to Saudi Arabia, the largest economy in the MENA region. The Saudi SME sector offers a substantial growth opportunity for Flow48’s tailored financial solutions and the company plans to enhance its platform’s features as it continues to scale.
Aligned with the GCC's regional economic diversification goals, Flow48 is playing a pivotal role in supporting SMEs and driving economic transformation beyond traditional sectors like oil and gas.
Gulf Economist Staff Writer