CredibleX
CredibleX powers businesses to provide their SME customers with instant access to lending solutions.
CredibleX powers businesses to provide their SME customers with instant access to lending solutions.
CredibleX is a pioneering embedded finance platform, established in Abu Dhabi in 2023 to provide SMEs with instant access to lending solutions. It aims to cater to the underserved SME community that often faces challenges in accessing financing options. By enabling businesses to offer their SME customers and suppliers instant access to credit solutions at scale, CredibleX seeks to simplify the lending process while minimizing risks. SMEs can conveniently access lending solutions, complete applications within minutes, and receive funds within 24 hours. Notably, this entire process is seamlessly embedded within the daily software and providers used by these businesses. In its recent $55.00M Seed Round investment on 13 December 2024, CredibleX secured funding from Further Ventures, signifying significant confidence in the company's mission and potential for growth. With a focus on B2B, Finance, Fintech, and Embedded Systems, CredibleX appears poised to make a considerable impact within the MENA region and beyond.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | $55.00M | 1 |
|
13 Dec 2024 |
| Venture Round | Unknown | 1 |
|
01 Mar 2023 |
No recent news or press coverage available for CredibleX.
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