FlapKap

FlapKap provides working-capital financing to e-commerce brands and SMEs in the Middle East and North Africa, funding ad spend and inventory in exchange for a fixed fee repaid as a percentage of revenue, alongside POS merchant advances and a receivables-backed credit line. Incorporated in January 2022 by Ahmed Coucha, Khaled Nassef and Sherif Bichara, it is headquartered at Hub71 in Abu Dhabi with offices in Dubai and Cairo and serves businesses in Egypt, the UAE and Saudi Arabia. The company raised a $3.6 million seed round in October 2022 from QED, Nclude, A15 and Outliers.