Ever wondered why small businesses struggle to secure funding? Traditional banks often say ‘no’ due to outdated processes and rigid scoring methods, leaving SMEs without essential growth funds. But Flowpay, a startup from Prague, has a game-changing solution!
Now the Czech fintech startup Flowpay has raised €30M in debt financing from London-based investment manager Fasanara Capital. The company uses AI to quickly evaluate SMEs, not just for risk, but for their potential, offering fast, tailored financing directly through the platforms businesses use daily.
The fresh funding will support Flowpay’s mission to provide working capital financing to SMEs across Europe, and strengthen its position in the embedded lending sector. Further, Flowpay aims to scale beyond its current markets in the Czech Republic, Slovakia, and the Netherlands.
Accelerating expansion in embedded lending
At just 34, serial entrepreneur and fintech expert William Jalloul is on a mission: to eliminate funding barriers faced by European SMEs. Previously behind ventures like InspiPay (processing billions annually) and financial powerhouse GFS, William believes Flowpay will become Europe’s next fintech unicorn!
“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,” said William Jalloul, CEO and founder of Flowpay.
Filling the SME embedded lending gap
As per the company press release, small businesses are rapidly embracing Flowpay for its hassle-free financing experience. By removing cumbersome paperwork and leveraging AI for lightning-fast application approvals, Flowpay simplifies the borrowing process dramatically. Additionally, it offers unique approach to seamlessly integrate loans directly into platforms SMEs already use daily, making financial support accessible exactly when and where it’s needed most.
“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,” said Matt Kus, Partner and Head of Origination at Fasanara Capital.
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