FlapKap closes $3.6mln seed round

FlapKap closes $3.6mln seed round

Cairo, Egypt - FlapKap, the first tech-enabled revenue-based financing platform in the MENA region, revolutionising e-commerce growth, today announced the close of its $3.6M seed round. The round included participation from Bolt by QED, Nclude, Outliers, and A15. This latest capital injection comes six months after the company’s pre-seed raise and coincides with the company recording significant milestones of a MoM growth of ~200% in amount of funding disbursed and number of serviced clients.

With the new funding, FlapKap plans to increase its capacity in helping more e-commerce businesses in the MENA region scale and maximise their growth potential, as well as consolidate its position as the region’s foremost and leading revenue-based financing player. The company aims to solidify its presence in Saudi Arabia, the UAE and Egypt by offering e-commerce businesses the ability to scale their inventory and digital ads now, while flexibly paying later.

Cofounded by Ahmad Coucha and Khaled Nassef, with founding team Sherif Bichara and Adel Hodroj, FlapKap enables e-commerce businesses to scale and grow by targeting businesses that have traditionally had limited access to bank or venture capital financing. FlapKap offers insights and analytics to e-commerce businesses to help them accelerate growth and swift access to working