Dubai: Sapaad, a leading provider of comprehensive restaurant management solutions, has announced a strategic partnership with MENA-based FlapKap, an innovative financing platform. This collaboration aims to assist new and existing Sapaad users, restaurateurs, and small and medium-sized restaurant businesses (SMEs) based in the UAE in obtaining fast and flexible funding within 48 hours.
SMEs play a crucial role in the global landscape, particularly in dynamic economic hubs like the emirates. With twice as many young residents in the GCC dining out now compared to five years ago, the restaurant industry presents a lucrative and high-potential sector for entrepreneurs looking to launch their next big idea. According to the Dubai Chamber of Commerce, the UAE restaurant market is expected to grow annually by 4.89% (CAGR 2024-2028), with diverse cuisines, unique dining experiences, and innovative concepts driving growth in the SME sector. However, securing working capital to operate an eatery remains a lengthy, daunting, and cumbersome process.
In the current restaurant landscape, Sapaad serves as a pivotal solution for effectively managing and growing restaurant businesses. As a leading restaurant management platform, Sapaad specializes in streamlining restaurant operations and boosting online business. With a robust suite of world-class software experiences, Sapaad empowers restaurant establishments to have greater control and visibility over all aspects of their business, including sales trends and staff performance. Furthermore, Sapaad's partnership with FlapKap goes beyond restaurant management by providing innovative funding solutions to SME restaurant businesses in the UAE. Through the FlapKap app, restaurant owners can seamlessly access working capital funding to address critical needs such as inventory purchasing, small capital expenditures, renovations and enhancements, and even rent payments.
Ahmad Coucha, Co-Founder and CEO of FlapKap, commented: "Our partnership with Sapaad will add tremendous value to the restaurant ecosystem. It's the first time in the region that a best-in-class Restaurant Management Solutions provider and an innovative Revenue-Based-Funding solution have come together. FlapKap and Sapaad share a similar agenda to impact the SME and Restaurant segments, empowering them with data-driven growth opportunities. With FlapKap solutions now available to Sapaad users, restaurant owners can unlock greater value creation through increased inventory purchasing power, optimized marketing, and regional expansion. I am extremely excited about this partnership, and we will certainly continue to evolve it further to drive growth for our valued restaurants."
Vishnu Vardhan, Co-Founder and CEO of Sapaad, added: “Our partnership with FlapKap marks a significant milestone in our mission to empower restaurants across the region. By integrating Sapaad's cutting-edge, world-leading POS technology with FlapKap's innovative funding solutions, we're revolutionizing how restaurants manage their operations and access capital. Together, we're streamlining processes, driving efficiency, and fueling growth in the region's F&B industry. This collaboration exemplifies our commitment to delivering comprehensive solutions that address the evolving needs of our customers, ensuring their success in an increasingly competitive market landscape.”
About FlapKap
FlapKap is MENA’s leading Revenue-Based Funding (RBF) fintech solution founded by Ahmad Coucha and Khaled Nassef in 2022. Originally based in Cairo, Egypt, but now headquartered in the UAE, the young powerhouse has rapidly expanded to the larger MENA region, experiencing exponential growth with its innovative tech solution for funding consumer-facing SME businesses. FlapKap unlocks growth potential in SMEs by providing funding for working capital combined with innovative technology. FlapKap offers funding that is fast, flexible, and friendly, tailored for SME businesses that can sign up on the FlapKap app by simply connecting their platforms and uploading minimal documents to receive a funding offer in 48 hours. For more information about FlapKap and its offerings, visit https://www.flapkap.com.
