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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.

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