• Bahrain fintech Flooss secured a USD 22M Sharia-compliant credit facility structured by Shorooq to scale its consumer financing operations.
• Founded in 2021, Flooss uses an AI-driven credit engine to deliver instant cash, BNPL, and device financing to digital consumers.
• The deal marks Bahrain’s first private asset-backed financing structure, validating Flooss’s underwriting model and regulated, Sharia-compliant operations under CBB oversight.

Flooss

Bahrain’s Flooss, a Sharia-compliant digital consumer financing platform, secured a USD 22 million credit facility. The credit facility was structured by Shorooq, an Abu Dhabi-headquartered investment firm regulated by the FSRA as a Fund Manager.

Looking forward, with this investment, it aims to accelerate its growth and scale its instant, shariah-compliant lending solutions. Additionally, it seeks to scale its core products – Shariah-Compliant Cash financing.

 “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,”  said Fawaz Ghazal, Founder and Group CEO of Flooss.

Consumer Financing 

Founded in 2021, Flooss is a Sharia-compliant digital consumer financing platform. It provides instant, Sharia-compliant digital financing solutions aiming to transform access to credit for the digitally active consumer base. Additionally, it leverages an AI/ML Credit Engine to offer cash financing. It also leverages Buy Now Pay Later (BNPL) and an integrated marketplace for device financing. 

The platform is licensed by the Central Bank of Bahrain (CBB), and all products are Sharia-compliant, verified by Dar Al Marajaa Al Shar’ia.The company states that this credit facility is the first of its kind in the Kingdom of Bahrain. This signals institutional validation of Flooss’s underwriting model, which has led to tight credit controls and a portfolio of high-quality financing assets.