Flowpay funding news – Prague-based Flowpay Raises €30 Million in Funding

It was initially supported by Techstars, a well-known early-stage investor, along with Czech VCs like Soulmates Ventures and DEPO Ventures, and key angel investors including Mark Ransford, Martin Herrmann, Kartik Varma, and Allard Luchsinger.

William Jalloul, CEO and Founder of Flowpay said, “This new line of credit from Fasanara Capital allows us to become one of the leading embedded lending solutions in Europe. We can grow beyond the Czech Republic, Slovakia, and the Netherlands at an accelerated pace. We have the ambition to become the next Czech unicorn,”.

The company was founded in 2021 by William Jalloul, a serial entrepreneur, investor, and finance expert with the goal of helping small businesses (SMEs) that are crucial to the economy but struggle to get funding from traditional banks.

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Unlike banks, it doesn’t require clients to fill out complicated paperwork. Instead, it connects to their point-of-sale systems or e-commerce platforms, uses this data to assess financing options, and offers each client a personalized loan.

Matt Kus, Partner and Head of Origination at Fasanara Capital said, “Using the latest technology to make it easier and faster for SMEs to apply for working capital, Flowpay has developed what we believe can be a market leading embedded lending proposition. We believe that the future of financial markets depends on the adoption of modern technology to effectively provide access to funding to smaller players who are increasingly being left behind by banks. The partnership with Flowpay aligns directly with Fasanara’s mission to bridge the multi-billion-euro funding gap faced by European SMEs – especially those excluded by outdated scoring models and lacking the capital to grow optimally,“.

Flowpay makes it easier for businesses to access capital by offering quick application reviews and a customized approach. With the help of AI and data models, it processes applications efficiently, cutting down on paperwork and speeding up the time between application and funding.

About Flowpay

Flowpay uses predictive AI to better assess risk and understand the potential of small businesses. They directly lend to SMEs, offer embedded finance solutions for SME platforms, and provide risk services to lending institutions.