Kenya’s Flowt raises pre-seed round as it targets $1 million SME loan book

Flowt, a Kenyan fintech that uses AI to turn businesses’ financial records into lender-ready data, has raised a $550,000 pre-seed round from Delta40 Fund I, Impacc, and Argidius Foundation, as it seeks to expand lending to small climate-focused businesses that struggle to access bank credit. The Nairobi-based company uses AI to analyse financial records, including bank and M-Pesa statements and accounting data, to assess small businesses’ creditworthiness. It says that many companies are locked