Flooss Secures $22M to Scale Instant Digital Financing Solutions
Bahrain’s Flooss, a Sharia-compliant digital consumer financing platform, secured a USD 22 million credit facility structured by Shorooq, an Abu Dhabi-based investment firm.
With this funding, Flooss aims to accelerate growth and scale its instant, Sharia-compliant lending solutions, focusing on developing core products and expanding its high-quality financing portfolio.
Founded in 2021, Flooss leverages an AI-driven credit engine to provide instant cash, Buy Now Pay Later (BNPL), and device financing for digital consumers.
This facility marks Bahrain’s first private asset-backed financing structure, serving as an institutional validation of Flooss’s underwriting model and operational efficiency under the oversight of the Central Bank of Bahrain (CBB).
Fawaz Ghazal, Founder and Group CEO of Flooss, said:
"This $22 million facility is more than just capital—it’s a powerful validation of our technology’s integrity and operational efficiency. It provides the necessary liquidity to execute our growth plans, including scaling our outstanding portfolio and reinforcing our position as a leading platform in Bahrain and a springboard for regional expansion."
