# Flow48

> Flow48 is a Dubai-based fintech that gives small and medium businesses in emerging markets fast access to working capital by turning their future revenue and unpaid invoices into upfront cash. Founded in 2022 by serial entrepreneur Idriss Al Rifai, the company uses a proprietary, data-driven underwriting engine to approve non-dilutive, collateral-free financing of up to $20 million, typically disbursing funds within 24 to 48 hours. Operating across the UAE and South Africa with expansion into Saudi Arabia, Flow48 raised a $69 million Series A in February 2025 to close the SME funding gap that traditional banks leave open.

- **Founded:** 2022
- **Headquarters:** Dubai, United Arab Emirates
- **Founders:** Idriss Al Rifai (Co-Founder & CEO), Karim Khattar (Co-Founder)
- **Team size:** ~43 employees
- **Products:** Revenue Based Financing, Invoice Based Financing, Proprietary underwriting engine
- **Notable:** Raised a $69 million Series A in February 2025 - one of the larger MENA fintech rounds of the year - in a blend of debt and equity., Closed a $25 million pre-Series A in November 2023, just over a year after founding., Built a proprietary AI underwriting engine capable of approving and disbursing SME financing within 24-48 hours.

## Products & services

- **Revenue Based Financing** — Working capital advanced against a business's future revenue, with repayments linked to cash-flow cycles. Ideal for businesses with steady, recurring income; no equity dilution or traditional collateral required.
- **Invoice Based Financing** — Converts unpaid invoices into immediate cash flow, letting businesses access money they are owed while awaiting customer payment.
- **Proprietary underwriting engine** — AI-driven risk assessment that forecasts cash flow using data from bank statements, invoices, and payment systems to set lending limits and approve funding within 24-48 hours.

## Achievements

- Raised a $69 million Series A in February 2025 - one of the larger MENA fintech rounds of the year - in a blend of debt and equity.
- Closed a $25 million pre-Series A in November 2023, just over a year after founding.
- Built a proprietary AI underwriting engine capable of approving and disbursing SME financing within 24-48 hours.
- Scaled operations across two continents - the UAE and South Africa - with expansion into Saudi Arabia.
- Founded by Idriss Al Rifai, who previously built last-mile logistics company Fetchr into a ~5,000-person GCC operation.

## Latest updates

- **2025-02** — Closed a $69 million Series A in a blend of debt and equity, led by Breega, to expand SME financing across MENA and into Saudi Arabia.
- **2025-03** — Founder Idriss Al Rifai profiled in regional press on his background and leadership approach as Flow48 scaled its lending operations.

## Links

- Website: https://flow48.com
- LinkedIn: https://www.linkedin.com/company/flow48financing

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Profile page: https://yespress.io/flow48
Published by YesPress — https://yespress.io
Last updated: 2026-07-28