Aramex announced a strategic partnership with FlapKap, MENA’s revenue-based financing platform. The collaboration aims to support new and existing Aramex merchants, small and medium e-commerce businesses, SMEs based in the UAE to obtain, fast and flexible funding within 48 hours.
SMEs play a critical role in the global economy, especially in fast-paced economic hubs like the UAE. However, obtaining the necessary capital to scale their ventures remains a significant challenge. In fact, according to the International Finance Corp, SMEs in the UAE represent 90% of total businesses.
As a total percentage of GDP, the estimates for rich MNEA countries are at approximately 51% contribution from SMEs with employment contribution at 62%. Paradoxically, there is an SME credit gap in excess of US$260 billion in MENA, with only 4% of outstanding loans in the UAE awarded to SMEs.
This partnership aims to address this challenge by combining Aramex’s expertise in supporting SMEs with FlapKap’s innovative funding solutions.
Under this landscape, Aramex supports SMEs by offering comprehensive logistics and transportation services, ensuring efficient supply chain management. FlapKap complements this by providing revenue-based financing solutions through its innovative application.
This partnership enables SMEs to access working capital financing from FlapKap to meet their inventory, marketing, and operational needs, all while benefiting from Aramex’s reliable logistics support.
FlapKap is MENA’s revenue based financing FinTech solution that has been founded by Ahmad Coucha and Khaled Nassef in 2022. Born in Cairo, Egypt, the powerhouse has spread rapidly to the larger MENA region and is now headquartered in Abu Dhabi, UAE.
The solution is tailored for various categories like Retail, F&B, Ecommerce and Trading businesses; that are able to sign up on FlapKap application by simply signing up, uploading a few documents and getting funded in 48 hours.
