- Kenyan startup Flowt, an AI-driven financial intelligence platform, has closed an undisclosed pre-seed round of funding.
- The Nairobi-based company, founded by Elana Laichena, uses AI to turn messy financial records into lender-ready data.
- The funding round was secured from Delta40 Fund I, Impacc, and Argidius Foundation to support Flowt's growth in Kenya.
- Flowt's first facility goes to GreenBay, a Kenyan appliance refurbisher whose growth was limited by inventory constraints.
- Flowt integrated with GreenBay's Odoo system and used AI and machine-learning to verify the operating picture from bank statements, assessing position, cash movement, and repayment capacity in days.
- GreenBay received the loan, used it to buy more inventory, and is making repayments through the Flowt wallet, which separates purchasing and collections cash from operating expenses.
- Flowt's approach addresses the problem that funders in Africa have three bad options when assessing small businesses, as stated by Laichena.
- Flowt lends against verified transaction history, making working capital fast and affordable.
Flowt, a Nairobi-based AI startup, has raised an undisclosed pre-seed round from Delta40 Fund I, Impacc, and Argidius Foundation to enhance financial intelligence for climate-smart businesses. Founded by Elana Laichena, Flowt aims to make Africa’s climate-smart businesses investable by transforming messy financial records into lender-ready data.23
The funding will support Flowt’s expansion across Kenya, enabling it to build a financial intelligence layer that improves business visibility to lenders. “Funders in Africa have three bad options when they look at a small business,” Laichena noted, highlighting the challenges of collateral, lengthy due diligence, and high-interest rates due to a lack of trustworthy financial data.7
Flowt addresses these issues by lending against verified transaction histories, making working capital both fast and affordable. The startup has already partnered with GreenBay, a Kenyan appliance refurbisher, to demonstrate its model. GreenBay faced growth limitations due to insufficient inventory capital, but with Flowt’s support, it has secured a loan to increase inventory and streamline operations.4
Flowt integrated with GreenBay’s Odoo system to assess its financial position quickly, using AI and machine learning to analyze bank statements. This approach allows for rapid evaluation of cash movement and repayment capacity, significantly reducing the time needed for loan approvals. “Flowt lends against verified transaction history, which makes working capital both fast and affordable,” Laichena emphasized, showcasing the startup's innovative approach to financing climate-smart businesses.58
GreenBay has successfully utilized the loan to enhance its inventory and has begun repayments through the Flowt wallet, which promotes financial discipline by separating purchasing and collections from operating expenses, ultimately reducing risk for lenders.6
“Flowt's first facility goes to GreenBay, a Kenyan appliance refurbisher, whose growth was capped by inventory it could not afford to hold. The company integrated with GreenBay's Odoo system and used AI to verify bank statements, assessing repayment capacity in days rather than months.”
- Disrupt Africa
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