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Channel is pleased to announce its participation in the just announced a funding round for FlapKap, the Abu Dhabi based leading fintech providing revenueb sed finance and embedded finance solutions. FlapKap leverages data, technology and capital to support the SME market in the MENA region.

This fundraising included participation for senior debt from funds affiliated with Thiele Capital Management LLC, a Minneapolis-based alternative asset manager that focuses on asset-based finance.

Channel once again demonstrates its leadership in asset-backed debt employing an ADGM based, Sharia-compliant securitisation facility structure to support regional SMEs. Channel Digital will also provide program management services to the vehicle.

Ahmad Coucha, Co-founder and CEO of FlapKap said “We are pleased to complete this landmark transaction with the strong support of our stakeholders. This provides significant lending capabilities as we break down lending barriers to SMEs with alternative data to enable fast and precise decisioning of business risk profiles.”

Alex Thiele, founder and CIO of Thiele Capital Management LLC, added “We seek partners worldwide that know their space well and demonstrate a repeatable process for underwriting exceptional credit opportunities. The FlapKap transaction and Channel partnership represent the best of what we find when we scour the globe for investment opportunities.”

Walter Gontarek, Channel CEO/Chair added “This is a prime example of our support of the innovation economy the GCC region, teaming up with firms that use innovative means to deliver capital with open banking data and technology to change the way capital is allocated. It also aligns perfectly with the Channel Impact Agenda, including SDG goal 9 designed to build resilient infrastructure, promote sustainable industrialization and foster innovation in global economies.


At Channel, we provide high-quality, privately originated asset-backed investment products by originating, structuring, and managing investments for leading institutional investors. We specialise in opportunities from issuers in specialty finance and the innovation economy.

For borrowers, we are a trusted partner in growth. Our expertise in structuring tailored financing solutions ensures you get the capital you need to scale, with a streamlined process and terms that work for your business. We are committed to delivering flexible, efficient, and growth-focused funding that empowers your success.