TLG Capital launches $5m debt facility for Flow 48
TLG Capital launches $5m debt facility for Flow 48
TLG Capital has announced a debt facility of up to $5 million in Flow 48, an early-stage fintech company redefining alternative finance in Africa.
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TLG Capital has announced a debt facility of up to $5 million in Flow 48, an early-stage fintech company redefining alternative finance in Africa. Flow 48 has introduced an automated and integrated platform providing clients access to financing based on their revenues.
The investment is made through TLG’s Africa Growth Impact Fund.
Flow 48’s team has a track record of building two unicorns, whose journeys revealed the need for alternative financing mechanisms. ”Revenue-based financing (RBF) is an innovative funding solution that has seen great success in the US and Europe. In Africa, where banks are often straight jacketed to lending against landed property, the use case for RBF is even stronger,” says Isaac Marshall, investment professional at TLG Capital.
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