FlapKap

Active

Revenue-based and embedded financing for SMEs

Abu Dhabi, UAEFounded 2022

Fintech

Seed

FlapKap finances the working capital of e-commerce, retail and restaurant SMEs across MENA, advancing money for inventory and ad spend and recovering it as a percentage of revenue plus a fixed fee. It underwrites with AI credit models built on open banking and unconventional data pulled from Shopify, WooCommerce, Facebook and Google, approving in under 48 hours. It has since added trade-finance products for B2B businesses and issued a Sharia-compliant securitisation with Channel Capital.

Founders

Ahmad Coucha

Co-founder & CEO

Khaled Nassef

Co-founder & CTO

Sherif Bichara

Co-founder, Head of FinOps

Kunal Harisinghani

Co-founder

Adel Hodroj

Co-founder

Funding Rounds

BridgeSep 2024

$34M

Lead: BECO Capital

Investors: BECO Capital, Pact VC, A15, Nclude, QED Investors, Channel Capital

Investors: BECO Capital, Pact VC, A15, Nclude, QED Investors, Channel Capital.

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