flowpay.io

Flowpay is a financing provider for small and medium-sized businesses that originates non-purpose working capital loans online. Applicants can request between €2,000 and €100,000 (or CZK 50,000 to CZK 2,500,000) with repayment periods of one, three, six or twelve months, and the company states the process is fully online and requires no paperwork.

The application flow consists of account registration and company details, connection of the applicant's business data sources — point-of-sale, e-commerce, accounting and bank data — for performance analysis, generation of an automated personalised offer with a full payment breakdown, and online contract signature followed by disbursement to the borrower's bank account. Eligibility criteria published by the company are at least €1,200 in monthly revenue, at least six months of trading history, and operation in the Czech Republic, Slovakia or the Netherlands. Loans can be repaid at any time.

Customers are also served through a companion application, myFlowpay, which lets borrowers apply for financing, track current and historical facilities, and access cash-flow insights and forecasting.

Business model

Flowpay lends directly to SMEs and charges a monthly fee on the financed amount, disclosed to the borrower as a monthly fee and a total amount to pay in the online calculator before the loan is taken.

Fees charged on working capital loans, presented as a monthly fee added to the principal financed.

Traction

The company publishes testimonials from a range of Czech and international SME borrowers — including La Forme Café & Bakery, flemmings.wine, VIF Sunglasses, Econea, Restaurant Naše Stodola, Restaurant Felicita Brandýs, "W" Restaurant & Whiskey Bar, Plackovna, autoshops.cz, Jablečné díly and Burgrárna — several of whom cite funding arranged within 24 hours and approval after being declined by banks.