CredibleX, the UAE-based SME lending platform regulated by the FSRA at Abu Dhabi Global Market (ADGM), has secured a $100 million senior secured credit facility from London’s Pollen Street Capital.
The transaction marks Pollen Street’s first investment in the UAE and underscores growing international confidence in the region’s fintech ecosystem.
Founded in 2023 by Anand Nagaraj, Ahmad Malik, and Hassan Reda, CredibleX provides receivables financing, payables financing, and short-term loans through its fully digital application platform. By streamlining access to credit, it helps small and medium enterprises (SMEs) overcome one of their biggest hurdles—working capital.
With this funding, CredibleX plans to significantly expand its loan book, deepen embedded finance partnerships, and respond to the increasing demand for SME-focused financial solutions in the UAE.
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A Milestone for Fintech Growth
“This facility is a major milestone in our growth journey and a validation of our embedded finance approach,” said Anand Nagaraj, Co-Founder & CEO of CredibleX. “It will allow us to scale our footprint and democratise access to credit for SMEs across the UAE and beyond.”
Matthew Potter, Partner at Pollen Street, added: “We are thrilled to support CredibleX in growing its lending volumes and providing quality financing solutions to SMEs. This transaction also represents a key milestone for Pollen Street as our first investment in the region.”
SMEs account for more than 90% of businesses in the UAE and are central to economic diversification. Yet, limited access to credit has long constrained their growth.
With its digital-first model and embedded finance strategy, CredibleX is positioning itself as a key enabler of SME resilience, driving faster lending, lower costs, and broader financial inclusion.
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