{"id":95640,"date":"2024-09-10T00:00:00","date_gmt":"2024-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/"},"modified":"2024-09-10T00:00:00","modified_gmt":"2024-09-10T00:00:00","slug":"flapkap-raises-usd-34-mn-in-pre-series-a-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/","title":{"rendered":"FlapKap raises USD 34 mn in pre-series A round"},"content":{"rendered":"

Abu Dhabi-based, Egypt-born fintech platform <\/strong>FlapKap<\/a><\/strong> secured <\/strong>USD 34 mn<\/strong> in a debt and equity <\/strong>pre-series A funding r<\/strong>ound<\/strong> led by Dubai\u2019s Beco Capital<\/a>, with new investment from Pact VC, Forbes Middle East<\/a> writes. The round also saw participation from existing investors A15, Nclude, and QED Investors, alongside debt financing from Channel Capital.<\/p>\n

Where\u2019s the money going?<\/strong> FlapKap will use the funding to expand its presence in the UAE and the GCC at large, deploy more capital to support SMEs, and enhance its tech infrastructure, including launching trade finance products for B2B businesses.<\/p>\n

What FlapKap does: <\/strong>The company offers financing to e-commerce businesses that have been operational for at least six months and have limited access to traditional financing through banks or VCs. Merchants can get upfront financing to scale their inventory and digital marketing, which they pay back as a percentage of revenues. FlapKap also offers AI-based insights and financial data analytics.<\/p>\n

The latest round brings FlapKap\u2019s total funding to USD 37.6 mn.<\/strong> FlapKap raised USD 3.6 mn in a seed round in 2022<\/a>, following an earlier USD 1.2 mn round led by A15.<\/p>\n","protected":false},"excerpt":{"rendered":"

FlapKap will use the funding to expand its presence in the UAE and the GCC at large<\/p>\n","protected":false},"author":1,"featured_media":95641,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[79,78,147],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-fintech","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"bdee2289-31bc-4932-b44b-97a940449738","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/679.jpg","photo_position":"above","homepage_title":"","full_issue_title":"FlapKap raises USD 34 mn in pre-series A round","related_issue":[95620],"teaser":"FlapKap will use the funding to expand its presence in the UAE and the GCC at large","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.a47b0f28-d98a-4ef2-affe-e48672353017.mp3"},"yoast_head":"\nFlapKap raises USD 34 mn in pre-series A round - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FlapKap raises USD 34 mn in pre-series A round\" \/>\n<meta property=\"og:description\" content=\"FlapKap will use the funding to expand its presence in the UAE and the GCC at large\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/679.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FlapKap raises USD 34 mn in pre-series A round\",\"datePublished\":\"2024-09-10T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/\"},\"wordCount\":193,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/679.jpg?fit=%2C&ssl=1\",\"keywords\":[\"fintech\",\"STARTUP WATCH\",\"startups\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/09\/10\/flapkap-raises-usd-34-mn-in-pre-series-a-round\/\",\"name\":\"FlapKap raises USD 34 mn in pre-series A round - 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