Dubai, UAE – Aramex, a global leader in logistics and transportation, has announced a strategic partnership with FlapKap, MENA’s premier revenue-based financing platform, to provide swift and flexible funding to small and medium-sized enterprises (SMEs) in the UAE. This collaboration aims to address the critical financial challenges faced by SMEs, enabling them to secure funding within just 48 hours.
SMEs play a pivotal role in the global economy, particularly in dynamic markets like the UAE, where they account for 90% of all businesses. Despite their importance, SMEs often struggle to obtain the necessary capital to scale their operations. According to the International Finance Corporation, SMEs contribute approximately 51% to GDP in wealthy MENA countries, with a 62% contribution to employment. However, there remains a significant SME credit gap exceeding $260 billion in the region, with only 4% of outstanding loans in the UAE awarded to SMEs.
This partnership seeks to bridge this gap by leveraging Aramex’s expertise in logistics and supply chain management, combined with FlapKap’s innovative revenue-based financing solutions. Aramex will support SMEs by offering comprehensive logistics and transportation services, while FlapKap will provide the necessary working capital to meet inventory, marketing, and operational needs through its user-friendly app.
Lour AlMukhaimer, Channel Manager – SMEs Commercial & Partnerships at Aramex, highlighted the significance of this partnership: “FlapKap brings fresh insights into the financial management challenges small businesses face. Our collaboration aims to help more businesses streamline their logistics and operational processes, allowing them to focus on securing the necessary funding to scale and meet the increasing demand for their products and services. We believe this partnership will contribute significantly to the growth and sustainability of the SME sector in the UAE, aligning with Aramex’s global commitment to supporting the SME ecosystem in its scale and growth.”
Kunal Harisinghani, Chief Commercial Officer at FlapKap, echoed this sentiment: “Our partnership with Aramex is a groundbreaking initiative that will add tremendous value to the SME ecosystem. It’s the first time in the region that a leading logistics solutions provider and an innovative revenue-based funding solution have come together. FlapKap and Aramex share a common goal of empowering SMEs with data-driven growth opportunities. By integrating FlapKap’s solutions with Aramex’s offerings, businesses can unlock significant value through increased inventory purchasing power, marketing optimization, and regional expansion. We are excited about this partnership and are committed to continuously evolving it to drive growth for our valued merchants.”
About Aramex
Founded in 1982, Aramex has established itself as a global leader in logistics and transportation, known for its innovative services tailored to the needs of businesses and consumers. Listed on the Dubai Financial Market since 2005 and headquartered in the UAE, Aramex operates in over 600 cities across 70 countries, employing more than 16,000 professionals. The company offers a range of scalable, end-to-end services across four core products: International Express, Domestic Express, Freight Forwarding, and Logistics & Supply Chain Solutions. Sustainability is central to Aramex’s mission, as the company strives to make a positive impact through partnerships and community initiatives.
For more information, visit www.aramex.com.
About FlapKap
Founded in 2022 by Ahmad Coucha and Khaled Nassef, FlapKap is MENA’s leading revenue-based financing (RBF) fintech platform. Originally launched in Cairo, Egypt, FlapKap has quickly expanded its reach across the MENA region and is now headquartered in Abu Dhabi, UAE. FlapKap empowers SMEs by providing fast, flexible, and fair funding tailored to the needs of various sectors, including retail, F&B, e-commerce, and trading businesses. Through its innovative app, FlapKap enables businesses to secure funding within 48 hours, helping them unlock growth potential and achieve success in a competitive market.
For more information, visit www.flapkap.com.
