Flowpay

Ultimate embedded credit scoring tool and platform which makes lending to small and medium businesses more sustainable.

Company Overview

Flowpay, a pioneering fintech company from the Czech Republic, is revolutionizing the financing landscape for small and medium-sized enterprises (SMEs). Founded in 2021, Flowpay utilizes predictive AI models and real-time data from point-of-sale systems and e-commerce platforms to assess the risk and potential of SMEs, providing them with swift and accessible operational funding.

Unique Value Proposition

Flowpay’s innovative platform automates the entire loan application process, from risk scoring to approval, significantly reducing the time required to evaluate credit applications. By leveraging alternative data sources and AI, Flowpay ensures precise risk assessment and personalized credit solutions tailored to the specific needs of each business. This approach not only accelerates access to finances but also enhances the accuracy of financial evaluations, making financing more efficient and accessible for SMEs.

Global Expansion and Reach

With a successful €2.1 million seed funding round backed by Techstars, Soulmates Ventures, and DEPO Ventures, Flowpay is poised for significant growth. The company plans to expand its services beyond the Czech Republic, targeting new markets and enhancing its technological capabilities to better serve a wider range of SMEs. This investment will also enable Flowpay to increase its team size, further developing its operational efficiency and capacity to support SME growth globally.

Educational Impact

Flowpay has already made a substantial impact by providing fast, online financing solutions that are 10 times quicker than traditional banks. The company’s Risk-as-a-Service (RaaS) solution is designed to support the sustainable growth of SMEs by licensing its predictive AI models to financial institutions worldwide, fostering a more inclusive financial ecosystem.

Financial and Strategic Growth

Flowpay’s focus on digitizing and automating financial processes positions it as a leader in the embedded finance sector within the Central and Eastern European region. The company’s innovative solutions have earned it recognition, including the Technological Startup of the Year award in the Vodafone Idea of the Year competition and acceptance into prestigious programs like the Techstars accelerator and IBM fintechx program.

Conclusion

Flowpay is driving a new era of SME financing by combining advanced technology with a deep understanding of business needs. Its commitment to providing fast, accurate, and accessible financial solutions is setting new standards in the industry, making it a prime example of how fintech can support dynamic growth and contribute to the prosperity of the global economy.