Press Release
December 6, 2023

Flow48 raises $25 million

The Paris Technology team advised SpeedInvest and Daphni on the $25 million pre-Series A funding (equity and debt) of the UAE-based fintech start-up Flow48.

Founded in 2022 by Idriss Al Rifai and Karim Khattar, Flow48 provides upfront financing to SMEs in the UAE. The firm’s platform integrates with enterprise resource planning (ERP) providers, payment gateways and e-commerce platforms and leverages data from a number of sources to “offer a more precise and efficient” credit assessment via its proprietary risk engine.

The Goodwin team was led by Anne-Charlotte Rivière and included Louis Taslé d’Héliand and Julie Messerig on corporate aspects.