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BASEAK Advises 212 VC on Flow48 Investment

BASEAK Advises 212 VC on Flow48 Investment

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Balcioglu Selcuk Ardiyok Keki, working with the Paris office of Dentons, has advised 212 VC on its recent investment into Flow48.

According to the firm, UAE-based fintech Flow48 has raised USD 25 million in a pre-Series A funding round including Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, and TLG, as well as NEA's Scott Sandell.

212 is a venture capital firm that supports growth-stage tech start-ups with a presence in Istanbul, among others.

Flow48 offers working capital financing for SMEs by using its risk assessment engine to validate and underwrite short-term credit products focused on the companies' revenue and predictability.

The combined BASEAK and Dentons team was led by Istanbul-based Partner Okan Arican and Paris-based Partner Pascal Chadenet.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

Firm's website.