Aramex has partnered with FlapKap to enhance support for SMEs in the UAE. This collaboration allows SMEs to access working capital financing quickly, addressing their inventory, marketing, and operational needs. By combining Aramex's logistics expertise with FlapKap's financial solutions, the partnership aims to remove barriers for small and medium enterprises.
The partnership is particularly significant given the SME sector's contribution to the UAE's GDP, which exceeds 53%. Despite this, SMEs face a substantial credit gap, with only 4% of loans in the UAE going to them. This initiative not only provides financial support but also aims to educate SMEs on effective cash flow management, fostering growth and competitiveness.
• Partnership enables SMEs to access capital in 48 hours.
• FlapKap provides non-dilutive funding to support SME growth.
This model allows SMEs to access capital without giving up equity.
Access to working capital is crucial for SMEs to manage inventory and operational needs.
Aramex provides logistics support to help SMEs streamline their supply chain.
Aramex aims to enhance the competitiveness of SMEs through its comprehensive logistics solutions.
FlapKap's services are designed to empower SMEs by offering non-dilutive funding options.
Yahoo Finance 13month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.