Dubai-Based FlapKap Raises $34 Million pre-Series A to Scale SME-Financing Across MENA
- FlapKap raised $34 million in new debt and equity funding.
- The funding round was led by BECO Capital with participation from Pact VC.
- FlapKap's total funding now amounts to $37.6 million.
FlapKap's innovative approach to SME financing is commendable, particularly in a region where traditional financial institutions have often overlooked small businesses. Their focus on leveraging data and technology to streamline the lending process could significantly transform the financial landscape for SMEs in the MENA region. Continued support and investment in such fintech solutions are crucial for fostering economic growth and innovation.
