3 months ago

CredibleX Secures $55M to Expand SME Lending Platform

  • UAE-based fintech startup CredibleX secured $55 million in equity and debt funding from Further Ventures, Kilgour Williams Capital, and Berkley Square Finance

  • The funds will support CredibleX's expansion and enhance its services to SMEs in the UAE, building on its existing AED 100 million in disbursed loans.

      • ProblemFinancial Services

      "SMEs in the UAE face a complicated and opaque lending process, making it difficult to access the financing they need to grow."

      Solution

      "CredibleX offers a streamlined, transparent, and customized financing platform designed specifically for SMEs, simplifying the borrowing process and making it easier for them to get the capital they need."

      Covered on