In a strategic move to strengthen fintech and support SME growth, International Holding Company (IHC) has officially acquired UAE-based lending platform eFunder. The platform has been rebranded as Zelo, with a bold new mission. Its aim now is to provide faster, smarter access to capital for small and medium enterprises (SMEs) across the UAE and the wider MENA region.
Zelo is not just a new name. It’s a major push to address the $250 billion SME credit gap that continues to challenge the region. Despite making up over 95% of registered businesses and contributing more than 50% of the UAE’s GDP, SMEs often suffer from long payment cycles of up to 120 days, stalling cash flow and growth.
Zelo solves this with a fully digital, receivables-based financing solution. It lets SMEs turn approved invoices into fast liquidity, with funding delivered in just 24 to 48 hours.
Key Features of Zelo:
- ✅ Receivables-based lending model
- ✅ Fully digital application and approval process
- ✅ Capital disbursed within 1–2 business days
- ✅ Licensed and regulated by ADGM’s FSRA
- ✅ Tailored for industries like construction, logistics, healthcare, oil & gas
Since its original launch in August 2020, the platform has facilitated over 9,000 transactions and disbursed $200 million+ in funding, with a focus on underserved sectors that often face working capital challenges.
Backed by IHC’s Vision for Fintech Innovation
IHC’s acquisition reflects its broader investment strategy in digital infrastructure and economic diversification. By integrating Zelo into its portfolio, IHC reinforces its commitment to empowering local businesses and enhancing economic resilience.
“SMEs are the backbone of a diversified and future-ready economy,” said Syed Basar Shueb, CEO of IHC. “Through our strategic acquisition of Zelo, we are proud to support a platform that solves one of the most fundamental barriers facing SMEs , access to timely working capital.”
A New Era for SME Lending
Under its new identity, Zelo signals a renewed commitment to helping small businesses thrive without waiting months for payments. The platform’s CEO, Dhanush Arjun, highlighted this shift:
“Zelo exists to eliminate the wait , the wait for payments, growth, and opportunity. Our rebrand represents a renewed commitment to UAE SMEs, delivering faster, smarter access to capital with IHC’s support.”
With regulatory backing, deep fintech expertise, and IHC’s strategic investment, Zelo is now aiming to become a game-changer in SME financing, not only in the UAE but potentially across MENA.