UAE fintech startup Flow48 announced completion of $25 million pre-A round financing, with participation from Blockchain Founders Fund, Speedinvest, Daphni, 212, Unpopular Ventures, Endeavor Catalyst, TLG and some angel investors. It is reported that this round of financing includes equity and debt financing.Flow48 provides data-driven real-time fintech solutions and helps small and medium-sized enterprises focus on ESG principles. Investors may provide support in the "advanced fintech ecosystem", with Blockchain Founders Fund's investment portfolio including Web3 API platform Uniblock, Web3 domain and TLD provider Freename, privacy protection protocol zkPas, and more.

Flow48, a UAE-based fintech, has raised $25 million in Pre-Series A funding with the aim of introducing revenue-based financing (RBF) to the SME space in the MENA region. The round includes equity and debt, and investors include 212 VC, Speedinvest, Daphni, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, TLG, and angel investors such as Scott Sandell from NEA. Founder Idriss Al Rifai believes that his experience of solving 'last mile' issues in the Middle East will be useful in the RBF arena, as the level of information and data in the region is different from that in the US and Europe. The MENA region is projected to grow by 5.4% in 2022, and the e-commerce market in Saudi Arabia, UAE, and Egypt is expected to grow by over 50% to $33.3 billion in the next three years, according to Bain.