CredibleX raised $55M in Seed funding led by Further Ventures to accelerate its growth and expand its offerings for SMEs.
CredibleX raised $55M in Seed funding led by Further Ventures to accelerate its growth and expand its offerings for SMEs.
12/16/24, 8:56 AM
Location
abu dhabiMoney raised
$55 million
Industry
fintech
finance
financial services
Round Type
seed
Investors
Berkley Square Finance, Kilgour Williams Capital, Further Ventures
CredibleX, based in Abu Dhabi, UAE, raised $55M in Seed funding to enhance its working capital finance platform for SMEs. The round included equity investment from Further Ventures and debt participation from multiple investors, with plans to accelerate growth and expand services.
Company Info
Location
abu dhabi, abu dhabi emirate, united arab emirates
Additional Info
CredibleX is a provider of a working capital finance platform for SMEs that empowers companies to offer lending solutions to their SME ecosystem. With over 35 distribution partners, it has enabled financing opportunities for more than 100,000 SMEs, allowing them to apply for credit through its platform. The platform integrates directly into the operations of businesses, offering accessible financing options tailored to the needs of the UAE's SME sector. The company is regulated by the Financial Services Regulatory Authority in the Abu Dhabi Global Market.