The Emirates Entrepreneurship Association has announced a strategic partnership with Zelo, the UAE’s leading private financing platform, to bolster the nation’s entrepreneurial ecosystem. This collaboration is designed to promote financial inclusion and empower small and medium-sized enterprises (SMEs) by providing them with fast and accessible funding solutions, aligning with the UAE’s “Capital of Entrepreneurship” and “Year of Community” initiatives.
Addressing Key Financing Challenges
The partnership directly addresses a significant hurdle for many entrepreneurs in the UAE: the difficulty of securing traditional financing and navigating lengthy approval processes. Members of the Emirates Entrepreneurship Association will now gain exclusive access to a suite of financial solutions from Zelo, including invoice financing, bank guarantee financing, and check discounting services. These tools are aimed at improving cash flow, supporting business sustainability, and strengthening the private sector’s contribution to the national economy.
Supporting National Entrepreneurship Goals
This collaboration reinforces the UAE’s strategic vision to be a leading global hub for entrepreneurship. By facilitating crucial financial support, the initiative helps build a more resilient and innovative business community.
“In line with the vision of our wise leadership to declare the UAE as the Capital of Entrepreneurship, this partnership with Zelo represents a practical model for supporting entrepreneurs and overcoming their financing challenges,” stated Jassim Al Shikar, Secretary-General of the Emirates Entrepreneurship Association. “We extend an open invitation to all companies and national institutions to support and join this initiative, as empowering entrepreneurship is a societal responsibility.”
A Proven Platform For Growth
The partnership leverages Zelo’s extensive experience and proven track record in the UAE market. The platform, formerly known as eFunder, has already deployed over $220 million across more than 9,500 financing transactions, supporting businesses in vital sectors such as healthcare, manufacturing, engineering, and e-commerce.
Danush Arjun, CEO of Zelo, expressed his pride in the collaboration, stating, “We are pleased to be a strategic partner in this national initiative, which allows us to expand our support for startups, SMEs, and growing businesses. Through this partnership, we aim to contribute to creating a comprehensive ecosystem that fosters innovation and stimulates economic growth.”
About Emirates Entrepreneurship Association
The Emirates Entrepreneurship Association is a UAE-based organization dedicated to fostering a vibrant entrepreneurial community. It supports the growth of startups and SMEs by providing resources, facilitating strategic partnerships, and advocating for policies that align with the UAE’s national economic vision.
About Zelo
Zelo is a leading private financing platform in the UAE that provides fast, flexible, and accessible funding solutions to SMEs. Formerly known as eFunder, the company specializes in services such as invoice financing and check discounting, helping businesses manage their working capital and accelerate their growth.
Source: Zawya
