RIYADH: Currently operating in Egypt and UAE, FlapKap, is planning to launch its services in Saudi Arabia after a $1.2 million fundraiser led by one of the region’s eading early stage venture capital firms, Egypt-based A15.
FlapKap is a B2B fintech company that provides AI-based insights and financial data analytics, and one of the first companies of its type in the Middle East.
The startup will now begin its operations to launch in Saudi Arabia, as it expects a wider Middle East and Africa expansion and merchant acquisition.
Ahmad Coucha, co-founder and CEO of FlapKap, said: “We have taken a proven international business model, and adapted it for the Middle East. Our solution empowers SMEs and startups to grow sustainably, without losing equity, and to help manage their cashflows.
“With a first mover advantage, and a huge market opportunity, we are excited to extend the growth opportunities we have unlocked for our early clients to the whole region.”