UAE-based fintech CredibleX has announced a strategic collaboration with global payments leader Mastercard to issue payment cards aimed at empowering the nation’s micro, small, and medium enterprises (MSMEs). The partnership is set to provide SMEs with more accessible and flexible working capital, enabling them to better manage expenses and scale their operations.
Expanding Access to Working Capital
This collaboration will allow CredibleX to introduce a new payments mechanism for its customers. SMEs will be able to allocate financing through Mastercard-powered cards specifically for working capital, supplier payments, and other operational expenses. By leveraging Mastercard’s extensive network and CredibleX’s streamlined financing solutions, the initiative aims to drive card adoption within the SME segment and offer new tools for managing day-to-day business operations.
“Small business is big business! They are the backbone of all economies and in the UAE, they are no different,” said J.K. Khalil, EVP & Division President, East Arabia at Mastercard. “Mastercard’s work with CredibleX will connect small businesses to much-needed financing that will help them scale their businesses sustainably.”
Ahmad Malik, Co-Founder & Chief Risk Officer at CredibleX, added, “True financial inclusion begins when we look beyond balance sheets and see the real stories behind the numbers. Together with Mastercard, we’re proud to use cards as an easy and seamless way to extend credit access, fueling SME growth and opportunity.”
Building on a Strong Foundation
The new card initiative strengthens the ongoing relationship between the two companies. The partnership began in 2024 when CredibleX joined the prestigious Mastercard Start Path program for fintech startups. Earlier this year, CredibleX also became the first platform in the MENA region to integrate Mastercard’s Small Business Credit Analytics score into its platform, enhancing its credit assessment capabilities.
The collaboration aligns with the UAE’s economic goals, where SMEs contribute over 63% of the non-oil GDP. With the country aiming to host one million SMEs by 2030, this partnership provides critical financial infrastructure to support this rapidly growing sector.
About CredibleX
CredibleX is a UAE-based fintech company specializing in embedded financing solutions for Micro, Small, and Medium Enterprises (MSMEs). Regulated by Abu Dhabi Global Markets (ADGM), the company holds Category 2, 3, and 4 licenses. CredibleX focuses on providing seamless and accessible financing journeys to help businesses across multiple sectors grow to their full potential.
Source: Zawya
