UAE-based SME lender CredibleX has announced its Series A funding round, led by Mubadala Investment Company. The investment is part of a wider USD 15 million equity raise designed to scale the company’s embedded finance platform for small and medium-sized enterprises across the UAE.
Quick Facts
- Round: Series A
- Lead Investor: Mubadala Investment Company
- Existing Investor: Further Ventures
- Focus: Expanding SME working capital financing
Tackling SME Credit Gaps with Embedded Finance
Founded in 2023, CredibleX operates a digital lending platform focused on providing rapid access to working capital for SMEs. The company utilizes an embedded finance model, integrating its services through a network of over 70 distribution partners to reach businesses efficiently.
Regulated by the Financial Services Regulatory Authority (FSRA) at Abu Dhabi Global Market (ADGM), CredibleX offers a range of working capital solutions, including revenue-based financing, receivables financing, and payable financing, all tailored to SME cash flow cycles. The company is led by co-founders Anand Nagaraj, Ahmad Malik, and Hassan Reda.
Mubadala’s Backing Follows Strong Momentum
The Series A funding arrives on the heels of a significant operational milestone for CredibleX. In September 2025, the company secured a USD 100 million senior secured credit facility, which allowed it to substantially increase its lending capacity.
This new equity injection from Mubadala, through its MENA Venture Capital Fund, and continued support from existing investor Further Ventures, will be used to grow both its lending and non-lending operations. The capital will also enhance its embedded finance infrastructure, expand its partner network, and advance its technology and data capabilities.
Anand Nagaraj, CEO and Co-Founder of CredibleX, commented on the investment, “We are delighted to welcome Mubadala as a lead investor in our Series A round. This milestone represents strong validation of our vision to transform SME financing through embedded finance. SMEs are at the heart of the UAE economy, and this investment will enable us to significantly expand our platform, scale our partnerships, and continue delivering flexible, transparent financing solutions aligned with real business needs.”
Ali Eid AlMheiri, Executive Director, Diversified Assets, UAE Investments Platform at Mubadala Investment Company, stated, “We are pleased to partner with CredibleX, as part of Mubadala’s MENA Venture Capital Fund. The company is playing a critical role in expanding access to innovative financial solutions. Our investment reflects a shared commitment to empowering small and medium-sized enterprises in the UAE and the region with faster, more inclusive credit, strengthening the broader financial ecosystem and supporting sustainable economic growth.”
Faisal Al Hammadi, Managing Partner at Further Asset Management, added, “We’re pleased to welcome Mubadala as lead investor in this round a strong validation of the embedded finance opportunity in SME credit and CredibleX’s ability to execute at scale. We’ve backed the company since inception and see them emerging as a foundational player in the region’s credit ecosystem.”
About CredibleX
CredibleX is a UAE-based and ADGM-regulated fintech company specializing in SME financing. Through its digital embedded finance platform, it provides a suite of working capital solutions, including revenue-based, receivables, and payables financing, to help businesses manage their cash flow and fuel growth.
Source: EntArabi
