Flooss, a leading digital consumer financing company in Bahrain, has secured a $22 million credit facility.
The funding was arranged by Shorooq, an Abu Dhabi–based investment firm regulated by the FSRA.
The funding will help Flooss grow its business and expand its instant, Shariah-compliant lending services for the region’s fast-growing and digitally active population.
This is the first credit facility of its kind in Bahrain, showing strong institutional trust in Flooss’s smart credit-checking system, which keeps lending risks low and maintains high-quality loan assets.
Flooss is the No.1 finance app in Bahrain, with over 500,000 downloads.
Since it started, the company has already provided more than $100 million in financing to customers.
“Our mission is to bridge the credit gap by providing instant, Sharia-compliant financing that is accessible to the underserved emerging credit segment,” said Fawaz Ghazal, Founder and Group CEO of Flooss. “This $22 million facility is more than just capital—it’s a powerful validation of our technology’s integrity and our operational efficiency. It provides the necessary liquidity to execute our growth plans, which target scaling our outstanding portfolio, reinforcing our position as a category leader in Bahrain and a platform for regional expansion.”
Flooss uses its own AI and machine learning–based Credit Engine that analyses advanced data such as open banking and mobile handset data.
This helps Flooss approve customers who are usually not well served by traditional banks and provide instant financing of up to 2,500 Bahraini Dinars, with money sent directly to their bank accounts.
On top of instant financing, Flooss offers Shariah-compliant Buy Now, Pay Later (BNPL) and a Souq device-financing marketplace.
These services are widely used and help build stronger and deeper engagement with its customer base.
“Flooss is a clear category leader, demonstrating that high-velocity growth and exceptional portfolio quality are not mutually exclusive when powered by disciplined underwriting,” commented Joe Barron, Principal at Shorooq. “Their ability to maintain strict underwriting and credit controls whilst growing volumes in the consumer financing segment validates the sophistication of their scoring model. Structuring this facility, the first in Bahrain, demonstrates our commitment to developing institutional-grade funding infrastructure that supports high-growth, regulated FinTechs across the GCC region and paves the way for their expansion into key markets like Saudi Arabia.”
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