FlapKap closed $34M pre-Series A round

FlapKap, an Abu Dhabi-based fintech company, secured $34 million in a pre-Series A funding round. The round, a mix of equity and debt, was led by BECO Capital. Participating investors included Pact VC, A15, Nclude, and QED Investors, with debt financing provided by Channel Capital.

FlapKap offers revenue-based and embedded financing solutions to small and medium-sized enterprises (SMEs) in the Middle East and North Africa (MENA) region. The company aims to help these businesses, particularly in e-commerce, retail, and restaurants, scale their inventory and digital advertising with quick access to funding and flexible repayment options. The new capital will be used to expand its services in the UAE and GCC, enhance its technology, and launch new trade finance products for B2B transactions.