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

Hotels Must Rethink Recruitment to Attract Top Talent
December 12, 2025

With decades of experience guiding organizations through technological and cultural transformations, HRTech expert Ling-Yi Tsai has become a vital voice in the conversation around modern talent strategy. Specializing in the integration of analytics and technology across the entire employee lifecycle, she offers a sharp, data-driven perspective on why the hospitality industry’s traditional recruitment models are failing and what it takes

Trend Analysis: AI Disruption in Hiring
December 12, 2025

In a profound paradox of the modern era, the very artificial intelligence designed to connect and streamline our world is now systematically eroding the foundational trust of the hiring process. The advent of powerful generative AI has rendered traditional application materials, such as resumes and cover letters, into increasingly unreliable artifacts, compelling a fundamental and costly overhaul of recruitment methodologies.

Is AI Sparking a Hiring Race to the Bottom?
December 12, 2025

Submitting over 900 job applications only to face a wall of algorithmic silence has become an unsettlingly common narrative in the modern professional’s quest for employment. This staggering volume, once a sign of extreme dedication, now highlights a fundamental shift in the hiring landscape. The proliferation of Artificial Intelligence in recruitment, designed to streamline and simplify the process, has instead

Is Intel About to Reclaim the Laptop Crown?
December 12, 2025

A recently surfaced benchmark report has sent tremors through the tech industry, suggesting the long-established narrative of AMD’s mobile CPU dominance might be on the verge of a dramatic rewrite. For several product generations, the market has followed a predictable script: AMD’s Ryzen processors set the bar for performance and efficiency, while Intel worked diligently to close the gap. Now,

Trend Analysis: Hybrid Chiplet Processors
December 12, 2025

The long-reigning era of the monolithic chip, where a processor’s entire identity was etched into a single piece of silicon, is definitively drawing to a close, making way for a future built on modular, interconnected components. This fundamental shift toward hybrid chiplet technology represents more than just a new design philosophy; it is the industry’s strategic answer to the slowing