b2b-daily
Home | FinTech | Digital Lending / Digital Payments

CredibleX Secures $55M to Boost SME Lending Services in UAE

Avatar photo
by Mikhail Hamilton
December 23, 2024
CredibleX Secures $55M to Boost SME Lending Services in UAE

In a strategic move to enhance financial support for small and medium-sized enterprises (SMEs) in the UAE, fintech startup CredibleX has successfully secured $55 million in seed funding. The funding round included both debt and equity contributions, with equity being provided by Abu Dhabi-based venture capital firm Further Ventures and debt financing sourced from Kilgour Williams Capital, Berkley Square, and several other unnamed investors. The funds will be directed towards accelerating growth and expanding the range of services offered to SMEs, reflecting a robust market need for accessible financial solutions.

CredibleX, licensed by the Financial Services Regulatory Authority in Abu Dhabi Global Market, aims to leverage this substantial financial backing to broaden its suite of pre-approved lending solutions. These services, which integrate seamlessly via API, include SME insurance finance, B2B channel finance, POS finance, and invoice finance. Since its establishment in 2023, CredibleX has already disbursed approximately $27.2 million in loans, showcasing its capacity to meet the growing demands of SMEs effectively. This recent funding round underscores the company’s commitment to fostering innovation in financial services and enabling sustainable business growth for its clients throughout the UAE.

Financial ServicesInnovationStartup

Explore more

How Can Entrepreneurs Master Payroll for Business Growth?
July 27, 2026

The difference between a thriving enterprise and one spiraling toward insolvency often rests on the invisible precision of its compensation systems and the quiet reliability of every direct deposit. For the modern entrepreneur, payroll is not a mere item on a ledger; it is the heartbeat of the company, signifying the strength of the relationship between the organization and its

GlobalAgility Launches a Bespoke B2B Marketing Model
July 27, 2026

The labyrinthine complexity of scaling a technical B2B brand across disparate international markets often leaves executive leadership teams paralyzed between the inefficient sprawl of local vendors and the sterile uniformity of global conglomerates. This tension creates a significant strategic hurdle for companies in specialized sectors like industrial manufacturing or high-growth technology. As these organizations look to expand, the pressure to

B2B Marketing Shifts From Corporate Statements to Stories
July 27, 2026

The traditional method of broadcasting corporate credentials and technical specifications has become a relic in a landscape where decision-makers prioritize human connection over polished brochures. This fundamental shift marks the end of the vendor-client transaction and the birth of a more nuanced advisor-partner relationship. In a professional ecosystem saturated with automated messaging and interchangeable value propositions, the ability to weave

Passionfroot Raises $15M Series A for B2B Creator Marketing
July 27, 2026

The era where a single LinkedIn post from a respected engineer carries more weight than a multi-million-dollar corporate billboard has officially arrived in the high-stakes world of enterprise software. This fundamental realignment of influence explains why Passionfroot, a platform dedicated to the professional creator economy, recently secured $15 million in Series A funding. The investment signals a departure from traditional

Can the Global Power Grid Sustain the AI Revolution?
July 27, 2026

The global electrical grid, a centuries-old marvel of engineering, is currently vibrating under the unprecedented physical strain of artificial intelligence models that consume energy as fast as they can learn. As 2026 unfolds, the industry faces a 67.7GW reality check, where data centers now command a 1.9% share of the world’s total electricity generation. This shift represents more than just