Flow48, founded by Idriss AL RIFAI, will launch operations in South Africa in February 2024, aiming to meet the debt funding needs of SMEs.
, founded by Idriss AL RIFAI, is set to commence operations in South Africa in February 2024, to address the largely unmet demand for debt funding from small and medium-sized enterprises .As Idriss states, “The SME Funding Gap in SA is substantial and we are confident that our technology-led solutions can facilitate better access to capital. We are committed to providing tailored financial services and bridging the funding gap for businesses crucial to South Africa’s economic growth.
Flow48 achieved rapid product-market fit in the UAE, its first market, an endorsement by SMEs of its current products, Revenue Based Finance , and Invoice Discounting. Both RBF and Invoice Discounting address the non-dilutive financing needs of SMEs.
Flow48’s operating system is automated, enabling companies to submit applications and receive a response within 48 hours. This translates into lending limits based on annual revenues, with flexible repayment schedules. The company’s vision is bold: To be the go-to alternative lender for SMEs.
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