Czech startup Flowpay launches in the Netherlands with €30 million backing to close Europe’s SME financing gap
Flowpay, a Prague-based FinTech and AI company, has launched in the Netherlands with a €30 million facility secured from investment manager Fasanara Capital. This move aims to address the significant €400 billion SME financing gap across Europe. The company is focused on providing accessible and flexible growth capital to small and medium-sized enterprises. Flowpay's launch follows its participation in the ABN AMRO + Techstars Future of Finance Accelerator in Amsterdam. The funding will support Flowpay's mission to offer data-driven and flexible financing solutions. The company's platform uses AI to evaluate business potential and automate the financing process, from applications to risk assessment. This expansion exemplifies a wider trend of FinTechs addressing the SME financing gap through embedded finance models. Several European FinTechs are also raising significant funds, including Wealthon, FINOM, Juice, Sibill, and Factris. This investment indicates a strong appetite for innovative financial solutions designed for European SMEs. Flowpay's approach, which integrates with existing platforms to offer streamlined financial services, could become a significant catalyst for European digital sovereignty within financial markets. The company's focus on AI-driven lending demonstrates a commitment to innovation in the fintech sector.
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