Local Fintech Startup Finflow Raises $500,000 from U.S. and Kazakhstani Investors, DKnews.kz reports.
Fintech startup Finflow has announced the successful close of its pre-seed investment round, raising $500,000. The lead investor is Orbit Startups (USA), a venture capital fund under the umbrella of global accelerator SOSV, which manages over $1.5 billion in assets. The American fund's portfolio includes globally recognized companies such as Perfect Corp, Leapmotor, BitMEX, Clearbot, among others. The round was also supported by a number of local and international investors, including Axiom Capital, Bask International Group, and several Kazakhstani angel investors.
Finflow is developing an AI-powered financial director for small and medium-sized businesses (SMEs), offering every entrepreneur a personal financial assistant. In the near future, the team plans to introduce a fully autonomous AI financial agent capable of performing key CFO functions—from building financial models and analyzing cash flow to preparing businesses for bank financing.
"We see millions of entrepreneurs across Central Asia operating without proper financial management, struggling with cash flow gaps, and lacking access to capital. Financial planning shouldn’t be a luxury reserved only for corporations. We're building Finflow so that every entrepreneur, even without a financial background, can make informed decisions, attract capital, and scale their business,"
— said Daulet Aitmakhanov, CEO and co-founder of Finflow.
In the first quarter of this year, the startup signed pilot agreements with several Kazakhstani banks, whose combined SME client base exceeds 200,000 businesses. Finflow is currently working with Bank CenterCredit to develop a tech solution that could set a new standard for digital lending for entrepreneurs in the region.
The funds raised will be used to develop a scalable commercial product for SMEs in Central Asia, expand partnerships with banks to simplify access to financing, and enter the markets of the Middle East and North Africa (MENA).
Finflow is a graduate of the European accelerator Startup Wise Guys and a resident of Astana Hub.
