TLDR:
Flowpay, a Czech fintech company, has raised €2.1 million in seed funding to expand its AI-powered SME financing services. The investment will allow Flowpay to scale beyond the Czech Republic, enhance its technological capabilities, and offer its services to a wider range of SMEs. Flowpay uses predictive AI models to provide operational funding for SMEs by assessing risk and potential. The company plans to expand to new markets, increase its team size, and continue developing innovative solutions for SME financing.
Key Points:
- Flowpay raises €2.1 million in seed funding for expansion
- The investment will allow Flowpay to scale beyond the Czech Republic, enhance its technological capabilities, and offer its services to a wider range of SMEs
SMEs often struggle to access financing for growth, as traditional banks are not well-equipped to support them effectively. Flowpay aims to bridge this gap by leveraging AI to automate the loan processing and risk assessment for SMEs. The company’s innovative approach has gained recognition, leading to partnerships with Techstars and winning awards such as the Technological Startup of the Year. With the recent funding, Flowpay is set to revolutionize the SME lending landscape and become a leader in the industry.
