UAE-based fintech CredibleX has secured a $100 million senior secured credit facility from London-based Pollen Street Capital, a leading private capital asset manager. The facility will help CredibleX expand lending volumes and strengthen access to working capital for small and medium enterprises (SMEs) across the country.
Strengthening the SME Ecosystem
The UAE has emerged as one of the region’s fastest-growing and most diversified economies. With this growth has come an expanding SME sector that requires greater access to liquidity and financing solutions.
Ethan Saggu, Investment Director at Pollen Street Capital, highlighted this dynamic:
“The UAE’s diversification has created a vibrant SME sector and an urgent need for working capital. Our facility will support CredibleX to grow its lending volumes and meet this demand.”
This strategic backing from Pollen Street underscores the importance of fintech-led innovation in enabling the next phase of SME growth in the UAE.
CredibleX: A Fintech for Working Capital
Founded in 2023 by Anand Nagaraj, Ahmad Malik, and Hassan Reda, CredibleX focuses exclusively on SME financing. The company operates as a regulated platform under the Financial Services Regulatory Authority (FSRA) at Abu Dhabi Global Market (ADGM).
Its digital-first platform offers SMEs fast and flexible access to funds through a full suite of working capital products:
- Receivables Financing – allowing businesses to unlock capital tied up in unpaid invoices.
- Payables Financing – supporting suppliers with timely payments and better liquidity management.
- Short-Term Loans – giving SMEs immediate access to funds for urgent business needs.
This approach not only speeds up financing processes but also helps SMEs better manage cash flow, scale operations, and build resilience in a competitive marketplace.
Accelerating Growth with Pollen Street
With the new facility, CredibleX plans to:
- Expand its lending capacity across the UAE.
- Enhance its technology-driven platform to better serve SMEs.
- Leverage Pollen Street’s expertise in private credit to optimize its offerings.
- Continue its mission of democratizing credit access for smaller businesses.
Anand Nagaraj, Co-Founder and CEO of CredibleX, emphasized the impact of this facility:
“The $100 million facility allows us to expand our footprint in the UAE and address the growing demand for working capital solutions. Partnering with Pollen Street positions us to accelerate our mission of making credit access easier for SMEs.”
Looking Ahead
The partnership marks a significant milestone in UAE’s SME financing landscape. With rising demand for innovative credit solutions, CredibleX is set to play a leading role in reshaping SME lending through digital platforms.
By combining local expertise, regulatory compliance, and international backing, the company is building momentum to become a key player in the UAE’s financial innovation ecosystem.