CredibleX has raised an undisclosed amount in a Series A funding round. The round was led by Mubadala Investment Company, a sovereign wealth fund based in Abu Dhabi. Existing investor Further Ventures also took part in this round. In total, the company raised $15 million in equity funding.
CredibleX is a lender based in the UAE that focuses on small and medium-sized businesses (SMEs). It helps these businesses get quick access to working capital through its digital platform.
The company is growing by working with partner networks and embedding its services into their systems. This helps CredibleX reach more SMEs faster and expand its business efficiently.
Anand Nagaraj, CEO & Co-Founder at CredibleX, commented: “We are delighted to welcome Mubadala as a lead investor in our Series A round. This milestone represents strong validation of our vision to transform SME financing through embedded finance. SMEs are at the heart of the UAE economy, and this investment will enable us to significantly expand our platform, scale our partnerships, and continue delivering flexible, transparent financing solutions aligned with real business needs.”
Ali Eid AlMheiri, Executive Director, Diversified Assets, UAE Investments Platform, Mubadala Investment Company commented: “We are pleased to partner with CredibleX as part of Mubadala’s MENA Venture Capital Fund. The company is playing a critical role in expanding access to innovative financial solutions. Our investment reflects a shared commitment to empowering small and medium-sized enterprises in the UAE and the region with faster, more inclusive credit, strengthening the broader financial ecosystem and supporting sustainable economic growth. The company exemplifies our broader objectives under Mubadala’s UAE Investments portfolio to catalyse innovation, expand access to finance, and scale high-impact sectors.”
Faisal Al Hammadi, Managing Partner at Further Asset Management, commented: “We’re pleased to welcome Mubadala as lead investor in this round — a strong validation of the embedded finance opportunity in SME credit and CredibleX’s ability to execute at scale. We’ve backed the company since inception and see them emerging as a foundational player in the region’s credit ecosystem.”
Founded in 2023 by Ahmad Malik, Anand Nagaraj and Hassan Reda, CredibleX is a fast-growing embedded finance lender based in the UAE. It works with more than 70 distribution partners to help SMEs access funding easily.
The company is regulated by the Financial Services Regulatory Authority (FSRA) at ADGM. It offers small and medium businesses a range of working capital solutions, including revenue-based financing, receivables financing, and payable financing.
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