Asset-backed credit facility · Fintech
FLOOSS secures $22 million credit facility structured by Shorooq
The asset-backed financing supports the Bahrain fintech’s consumer lending portfolio and regional expansion.
FLOOSS announced a $22 million credit facility structured by Shorooq on January 13, 2026. The financing supports its Sharia-compliant cash-financing products and lending portfolio.
The Bahrain company uses automated underwriting, including open-banking and handset data, to serve consumers who have limited access to conventional bank credit.
The facility adds funding capacity for portfolio growth and regional expansion while FLOOSS continues to operate under Central Bank of Bahrain supervision.
Use of funds
Scale Sharia-compliant cash financing
Grow outstanding lending portfolio and regional operations
Funding history
Asset-backed credit facility · This round$22M