UAE-based fintech CredibleX secures a $100 million senior secured credit facility from UK investment firm Pollen Street Capital, marking Pollen Street’s first direct entry into the UAE market since opening its Abu Dhabi office earlier this year.
Founded in 2023 by Anand Nagaraj, Ahmad Malik, and Hassan Reda, CredibleX provides tailored financial solutions for SMEs, including receivables financing, payables financing, and short-term loans, delivered via a fully digital platform to accelerate access to working capital.
The new $100 million facility will enable CredibleX to significantly expand its loan book, strengthen its embedded finance partnerships, and meet the rapidly growing demand for SME financing solutions in the UAE. This comes after the company successfully closed a $55 million Seed funding round in December 2024, combining equity and debt, to fuel further growth.
Anand Nagaraj, Co-Founder & CEO of CredibleX, stated:
“This facility is a major milestone in our growth journey and a validation of our embedded finance approach. It will allow us to scale our footprint and democratise access to credit for SMEs across the UAE and beyond.”
Matthew Potter, Partner at Pollen Street Capital, added:
“We are thrilled to support CredibleX in growing its lending volumes and providing quality financing solutions to SMEs. This transaction also represents a key milestone for Pollen Street as our first investment in the region.”
