Known for its innovative approach, the company is revolutionizing how small to medium enterprises (SMEs) access working capital in the region. Since its inception, CredibleX has disbursed a substantial AED 100 million in loans, significantly impacting the local business ecosystem. The company recently announced a successful US$55m (AED 200m) seed funding round comprising both equity […]
Abu Dhabi: Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, and Ajman Bank, one of the leading Islamic financial institutions in the UAE, have renewed their strategic agreement offering innovative credit guarantees and co-lending solutions to small and medium-sized enterprises (SMEs) across the UAE. The […]