UAE Fintech CredibleX Raises $15 Million Series A Led by Mubadala to…

Team S · 2026-05-11T15:26:53.000Z

🇦🇪 Abu Dhabi-based fintech startup CredibleX has raised more than $15 million in a Series A funding round led by Mubadala Investment Company, with participation from existing investor Further Ventures, as the company accelerates expansion of its embedded finance infrastructure and SME lending operations across the UAE. Founded in 2023 by Anand Nagaraj, Ahmad Malik, and Hassan Reda, CredibleX operates a digital lending and embedded finance platform focused on providing working capital solutions to small and medium-sized enterprises. The company has positioned itself as one of the fastest-growing SME financing platforms in the region by integrating lending products directly into partner ecosystems and business workflows. CredibleX currently works with more than 70 distribution and ecosystem partners and is regulated by the Financial Services Regulatory Authority (FSRA) at Abu Dhabi Global Market (ADGM). Its financing products include revenue-based financing, receivables financing, and payable financing solutions designed specifically for SMEs facing cash-flow and liquidity challenges. The new funding will be used to strengthen the company’s embedded finance infrastructure, scale its lending marketplace, expand partner distribution networks, and enhance technology and data capabilities. The Series A round follows CredibleX’s previously secured $100 million senior secured credit facility in 2025, which enabled the company to significantly scale lending operations across the UAE market. The investment also reflects growing institutional interest in the MENA region’s SME financing sector, where startups leveraging embedded finance and API-driven lending infrastructure are increasingly attracting sovereign wealth funds, venture capital firms, and private credit investors. With SMEs contributing significantly to the UAE economy while remaining underserved by traditional banking systems, fintech lenders like CredibleX are emerging as critical financial infrastructure players in the region.

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UAE Fintech CredibleX Raises $15 Million Series A Led by Mubadala to… | Newnex