Flooss, Bahrain's leading Sharia-compliant digital consumer financing platform, has secured a 22 million credit facility structured by Shorooq, an Abu Dhabi-headquartered investment firm regulated by the Financial Services Regulatory Authority FSRA. The funding is aimed at accelerating Flooss's growth and expanding access to its instant, Sharia-compliant lending solutions for the region's rapidly growing digitally active population.
The facility marks a first-of-its-kind transaction in Bahrain, providing institutional validation of Flooss's proprietary underwriting model, which has enabled strong credit controls and a high-quality financing portfolio. Flooss has emerged as a market leader, ranking No. 1 in the Bahrain Finance app category, surpassing 500,000 app downloads, and issuing more than 100 million in financing since launch.
Flooss's platform is powered by a proprietary AI and machine-learning credit engine, leveraging advanced data inputs such as open banking and handset data to underwrite customers typically underserved by traditional banks. The company offers instant financing of up to BHD 2,500, disbursed directly to users' bank accounts, alongside Sharia-compliant Buy Now, Pay Later BNPL solutions and a device-financing marketplace, all of which have seen strong adoption.
