Empowering SMEs with AI

Founded in 2021 by William Jalloul, a guy with a knack for entrepreneurship and finance, Flowpay is on a mission to make sure small and medium-sized enterprises (SMEs) get the operational funding they need without the usual hassle. Using AI, they’ve created a platform that cuts through the red tape, analyzing real operational data to finance businesses. It’s about getting SMEs the growth tools they need without them having to jump through the traditional banking hoops.

Flowpay’s not just another fintech. They’ve caught the eye of the IBM fintech program, focusing on pushing generative AI in financial services. With a team of around 15, mainly data science and IT pros, they’re ready to change the game.

Vision for the Future

William Jalloul puts it plainly: Even if your business is booming, banks might still leave you high and dry when you need cash for things like restocking or advertising. That’s because banks can be pretty old-school, often relying on tax returns that don’t always tell the full story. Flowpay, on the other hand, taps directly into client data from point-of-sale systems and e-commerce platforms, using AI to figure out financing potential. Their aim? Help SMEs flourish with their 

Risk as a Service (RaaS) solution and get it into the hands of financial institutions worldwide. Investors see big potential in Flowpay. Hynek Sochor from Soulmates Ventures thinks Flowpay’s approach to credit scoring and risk assessment is revolutionary. It’s not just about faster credit evaluations; it’s about accuracy, quick access to finance, and supporting SMEs in a way that fuels sustainable business growth.

Looking ahead, Flowpay is eyeing new markets and tech developments, aiming to offer even more personalized credit solutions. They’re also looking to grow their team, ready to make an even bigger impact.