Egypt-born FlapKap raises $34 million pre-series A to scale SME financing across MENA
- FlapKap raised $34 million in a pre-Series A funding round.
- Total funding for FlapKap has reached $37.6 million.
- The funding round was led by BECO Capital with contributions from Pact VC, A15, Nclude, QED Investors, and Channel Capital.
FlapKap's growth and funding success highlight the increasing recognition of the challenges faced by SMEs in the MENA region. The company's innovative approach to financing and its use of technology to streamline the lending process could significantly impact the financial landscape for small businesses, making it a crucial player in the region's economic development.
