Priya Patel
TLDR
- Czech FinTech Flowpay raises €2.1m in seed funding with support from Techstars, Soulmates Ventures, and DEPO Ventures, among others.
- Flowpay specializes in Embedded Finance, using predictive AI models to offer SMEs quick and efficient access to operational funding.
In a recent article by FinTech Global, Czech FinTech firm Flowpay announced a successful €2.1m seed funding round, supported by Techstars, Soulmates Ventures, and DEPO Ventures, along with influential angel investors. Flowpay focuses on Embedded Finance, leveraging predictive AI models to provide SMEs with enhanced access to operational funding. This latest investment will be used to expand Flowpay’s services beyond the Czech Republic, solidifying its position in the market and fostering growth. Since its inception in 2021, Flowpay has made significant strides in the FinTech sector, participating in prestigious accelerator programs and earning recognition for its innovative approach.
Founder and CEO William Jalloul emphasized the need to help SMEs grow with their Risk as a Service (RaaS) solution, which uses client data from various platforms to assess financing potential accurately. Flowpay aims to license its solution to financial institutions worldwide, revolutionizing SME lending. This latest funding round marks an exciting new chapter for Flowpay as it continues to innovate and expand its services.
