22
Mon, Apr
44 New Articles

BASEAK Advises 212 VC on Flow48 Investment

BASEAK Advises 212 VC on Flow48 Investment

Turkiye
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

Our Latest Issue