Bahrain-based Sharia-compliant digital consumer finance platform, FLOOSS, has marked a significant milestone by winning two key awards at the fifth edition of Deloitte’s Technology Fast 50 Middle East. This marks the third consecutive year the fintech company has been recognized by the program, solidifying its position as a high-growth player in the region’s financial technology sector.
Quick Facts
- Received ‘Leaders’ and ‘Rising Star’ awards.
- Third consecutive year of recognition by Deloitte.
- Actively planning expansion into KSA and UAE.
A Hat-Trick of Growth Recognition
For the third year running, FLOOSS has been featured in Deloitte’s prestigious program, which ranks the fastest-growing technology companies in the Middle East and Cyprus. This year, the company took home the ‘Leaders’ and ‘Rising Star’ awards, acknowledgements that point to its consistent performance and rapid market traction.
The ‘Rising Star’ award highlights FLOOSS’s accelerated growth, driven by an expanding customer base and ongoing product development. The ‘Leaders’ award recognizes the company’s success in building a strong team to steer its competitive strategy both in Bahrain and across the region. The sustained recognition underscores the effectiveness of its fully digital model, which focuses on operational efficiency and disciplined credit management.
From Bahrain to the Broader GCC
With this achievement, FLOOSS is setting its sights on larger markets. The company confirmed it is moving forward with plans to expand its strategic presence into the Kingdom of Saudi Arabia and the United Arab Emirates.
Tariq Alsaffar, Chairman of FLOOSS, commented on the achievement, “This renewed recognition for the third consecutive year reflects the strength of FLOOSS’s strategic direction, centred on building a Sharia-compliant digital financing platform that combines innovation, institutional discipline and the ability to scale sustainably. This achievement also reinforces our confidence in the company’s capacity to continue its growth trajectory and strengthen its presence in promising markets.”
Fawaz Ghazal, Chief Executive Officer of FLOOSS, added that the team is ready to carry the momentum into new territories. “As we celebrate this milestone, we are moving forward with enthusiasm in expanding our strategic presence in the Kingdom of Saudi Arabia and the United Arab Emirates, where we look forward to replicating this strong performance and delivering our advanced digital financing solutions to a broader customer base across the region.”
About FLOOSS
Licensed by the Central Bank of Bahrain, FLOOSS is a digital-first instant financing company that provides Sharia-compliant consumer loans. The platform aims to simplify borrowing by eliminating the paperwork and long approval times associated with traditional financing. Users can apply for financing directly through its iOS and Android mobile applications.
Source: Zawya
