Flow48, a fintech company specializing in SME lending solutions in emerging markets, has successfully closed a $69 million Series A funding round. The round was led by BREEGA, with additional investments from 212, Speedinvest, daphni, Endeavor Catalyst, Evolution Ventures, Plus VC (+VC), and other investors.
The funding will support the company’s expansion in its key markets, particularly Saudi Arabia, the largest economy in the MENA region. Flow48 aims to redefine access to capital for underserved SMEs through alternative data-driven financial solutions and advanced risk assessment tools.
In recent months, Flow48 has made significant progress by securing scalable debt facilities from leading financial institutions, expanding its presence in South Africa, and strengthening its footprint in the UAE. The company has also introduced new financial products and is actively expanding into other key markets.
With this funding, Flow48 plans to enhance its digital platform by adding new features and improving SME access to innovative financial solutions. The company is also working on aggregating and analyzing operational and financial data from SMEs, enabling smarter risk-based lending decisions that support regional economic transformation.
Flow48’s expansion aligns with government-led initiatives to diversify regional economies and create a supportive environment for SME growth. The company has also attracted interest from traditional financial institutions and fintech firms seeking partnerships to strengthen SME lending solutions in the region.
