Prague-based fintech startup Flowpay, which uses AI to provide lending, embedded finance, and risk assessment for SMEs and lenders, has raised €30 million in debt financing from Fasanara Capital to support working capital for SMEs, as Vestbee was told.
- Founded in 2021 by William Jalloul and Daniel Hastík, Flowpay offers innovative solutions to assess the potential and risk of small and medium-sized enterprises (SMEs).
- Flowpay uses AI to automate the entire financing process by seamlessly connecting to clients' point-of-sale or e-commerce platforms. This eliminates paperwork and allows the platform to offer personalized loans based on real-time data.
- Flowpay’s mission is to simplify and accelerate financing for SMEs, helping them access the working capital they need to grow with loans tailored to their unique needs.
- In 2024, Flowpay secured €2.1 million in a seed round led by Techstars, alongside Czech VCs like Soulmates Ventures and DEPO Ventures, and angel investors such as Mark Ransford, Martin Herrmann, Kartik Varma, and Allard Luchsinger.
Details of the deal
- The debt financing came from Fasanara, an institutional investment manager that offers tech-enabled asset-based credit and digital asset solutions. The firm manages $4.5 billion in assets and specializes in fintech lending and early-stage fintech investments.
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Fasanara’s mission to bridge the multi-billion-euro* funding gap faced by European SMEs –especially those excluded by outdated scoring models and lacking the capital to grow optimally,“ explains Matt Kus, Partner and Head of Origination at Fasanara Capital.
- Flowpay will use the €30 million funding to accelerate its expansion beyond the Czech Republic, Slovakia, and the Netherlands, scale its embedded lending solutions, and enhance its technology to provide faster access to working capital for SMEs across Europe.
"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,” CEO and founder of Flowpay, William Jalloul, commented in a press release.
