Czech SME lender Flowpay secures €30m debt financing with Fasanara Capital
Flowpay, an embedded software provider based in the Czech Republic, has secured a €30 million debt financing deal with UK investment manager Fasanara Capital.
Flowpay agrees €30m debt financing with Fasanara Capital
The company, founded in 2021 by CEO William Jalloul, says it will use the debt to fund its working capital solutions for small and medium-sized enterprises (SMEs).
The direct lender assesses borrower risk using predictive AI models, while also offering embedded financing capabilities to third parties through its white label and Risk-as-a-Service (RaaS) solutions.
Jalloul says the aim is to now extend operations beyond the Czech Republic, Netherlands and Slovakia “at an accelerated pace”, with eyes on becoming “the next Czech unicorn”.
This ambition previously received support from Czech venture capital firms DEPO Ventures and Soulmates Ventures through Flowpay’s €2.1 million seed funding round closed in March last year.
The round also drew participation from Techstars and angels including Allard Luchsinger, Kartik Varma, Mark Ransford and Martin Herrmann, among others.
