NEO PAY, a leading digital payments and merchant solutions provider in the UAE, has announced a strategic partnership with CredibleX, a licensed embedded financing lender, to significantly improve access to working capital for the nation’s small and medium enterprises (SMEs). This alliance aims to unlock the potential of embedded financing for businesses across the country.
A Strategic Alliance for SME Growth
The collaboration integrates CredibleX’s flexible financing solutions directly into NEO PAY’s advanced payments ecosystem. This enables merchants to access necessary funding based on their Point of Sale (POS) and eCommerce transaction data, streamlining a traditionally complex process.
By leveraging real-time insights from merchants’ revenue streams, the partnership simplifies credit assessment and dramatically accelerates approval timelines. This provides SMEs with seamless access to capital needed to manage cash flow, invest in inventory, and fuel expansion plans.
Leveraging Data for Seamless Lending
This new model moves away from cumbersome application processes, instead using a data-driven approach. The CredibleX scoring engine analyzes a merchant’s sales cycle and cash flow directly from NEO PAY’s platform to offer customized financing solutions.
The result is a fully digital financing experience with quick disbursals and flexible repayment structures that are aligned with the actual business performance of the merchant.
Vibhor Mundhada, CEO of NEO PAY, commented on the collaboration, stating, “Our collaboration with CredibleX represents a leap toward shaping the future of SME financing in the UAE. By merging payments and lending into one intelligent ecosystem, we are redefining how businesses access capital, fostering innovation, and driving sustainable growth across the region.”
Ahmad Malik, Co-Founder of CredibleX, added, “Our partnership with NEO PAY marks another milestone in our journey to make embedded SME financing more inclusive and accessible. By combining NEO PAY’s robust payment infrastructure with CredibleX’s lending platform, we’re redefining how businesses access working capital, making financing faster, smarter, and simpler.”
A Connected Digital Ecosystem
Together, NEO PAY and CredibleX are creating a connected, digital-first ecosystem that reinforces their shared vision of empowering entrepreneurship and promoting financial inclusion. By integrating payments and lending, the partnership is set to deliver a meaningful impact on the UAE’s SME sector, shaping the future of business financing in the region.
About NEO PAY
NEO PAY is the UAE’s leading digital payments provider, offering secure, scalable, and data-driven solutions for merchants across industries. With in-house processing capabilities and deep data insights, NEO PAY enables seamless integration and customized financial services for SMEs and large enterprises alike.
About CredibleX
CredibleX is a licensed fintech lender regulated by the FSRA at Abu Dhabi Global Market (ADGM), providing cutting-edge working capital solutions to SMEs across the UAE. Its products span Revenue-Backed financing, Receivables Financing, and Payables Financing. CredibleX is committed to driving SME financial inclusion and supporting sustainable economic growth.
Source: Zawya
