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HomeUAE UAE-Based Comfi Raises $5 Million In Debt Funding

[FUNDING NEWS] UAE-Based Comfi Raises $5 Million In Debt Funding

Comfi, a quickly expanding B2B payment platform in the United Arab Emirates, announced  that it has successfully secured a $5 million financing facility from a private family office located in Abu Dhabi.

Comfi, a quickly expanding B2B payment platform in the United Arab Emirates, announced that it has successfully secured a $5 million financing facility from a private family office located in Abu Dhabi.

With this large investment, Comfi is taking a major step toward revolutionizing business-to-business interactions in the Kingdom of Saudi Arabia and the United Arab Emirates.

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This will support the continuous deployment of its integrated pay-later and pay-now solution, which is tailored for B2B supply-chain companies and enables entrepreneurs to instantly grant credit terms of up to 90 days to their clients.

it’s position as a leader in the B2B payments industry will be further cemented with the $5 million debt facility, which will allow it to execute an estimated $40 million worth of B2B transactions across the UAE and KSA over the next year.

Read also – Singapore Based Atome Raises Undisclosed Dept Funding

Sanjar Samiev, CEO of Comfi, expressed his excitement about the company’s latest milestone, stating, “This substantial funding, alongside backing from a reputable Emirati family office, will allow Comfi to sign up more B2B companies and support their growth and success in their industries. We are committed to leveraging our advanced technology and strategic partnerships to drive innovation and foster financial inclusion in the UAE and KSA.”

About Comfi

Comfi is a B2B payments technology that enables distributors and suppliers to automate receivables and offer risk-free credit terms.

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