“Can a revenue-based-financing platform become the default working-capital provider for MENA SMEs before regional banks and BNPL players move downstream?”
Founded in 2021–2022 in Egypt as a revenue-based financing (RBF) platform for e-commerce brands across MENA, FlapKap targets SMEs underserved by traditional banks. The company moved its HQ to Dubai/Abu Dhabi to access GCC capital and SME demand, expanded use cases beyond marketing-spend financing to inventory, cash flow, and trade receivables, and built distribution partnerships with Amazon, Aramex, and Mastercard. It remains a single-product lender (working capital / RBF) rather than a full BaaS or banking play.
FlapKap was founded by Ahmad Coucha (CEO), Khaled Nassef (CTO), Sherif Bichara and Adel Hodroj and is founded in 2021, headquartered in Dubai, United Arab Emirates (with offices in Abu Dhabi, Cairo).
FlapKap has raised $38.8M in total (latest round: Pre-Series A, 2024).
Get a read on where your own stack stands against FlapKap and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.