19 hours 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."