UAE-based CredibleX, an embedded SME lending startup, raised $55 million in a seed round led by Further Ventures, combining equity and debt contributions. Since its launch in March 2024, the platform has disbursed AED 100 million ($27 million USD) loans to SMEs, leveraging over 35 distribution partners to reach 100,000 businesses. CredibleX aims to revolutionize SME financing through its innovative, embedded lending model, which integrates directly with partner ecosystems to provide seamless access to working capital.

UAE Based Embedded SME Lending Startup CredibleX Raises US$55Mn in Seed Round