- UAE-based fintech Comfi has secured a $5 million debt facility from an undisclosed Abu Dhabi-based private family office.
- Founded in 2023 by Alisher Akbarov, Amal Abdullaev, Sanjar Samiev and Sanjar Samiev, Comfi is a B2B payments platform that empowers manufacturers and suppliers with flexible payment solutions for their buyers, while ensuring upfront payments.
- This debt facility will fuel Comfi’s ongoing rollout of its embedded pay-later and pay-now solution.
Abu Dhabi, UAE – June 25, 2024 – Comfi, a rapidly growing B2B payment platform, has successfully secured a $5 million debt facility from an Abu Dhabi-based private family office.
This significant investment marks a pivotal moment for Comfi as it continues to expand its footprint and revolutionize B2B transactions in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA).
The newly acquired funds will fuel the ongoing rollout of Comfi’s embedded pay-later and pay-now solution, which has been specifically adapted for B2B supply-chain businesses.
This innovative platform allows business owners to offer real-time credit terms of up to 90 days to their customers, enhancing flexibility and cash flow management for enterprises.
With this $5 million debt facility, Comfi is poised to facilitate an estimated $40 million worth of B2B transactions across the UAE and KSA over the next year.
This financial boost is expected to solidify Comfi’s position as a leader in the B2B payments industry, driving substantial growth and adoption of its platform.
Sanjar Samiev, CEO of Comfi, expressed his excitement about the company’s latest milestone. “This substantial funding, alongside backing from a reputable Emirati family office, will allow Comfi to sign up more B2B companies and support their growth and success in their industries,” Samiev stated. “We are committed to leveraging our advanced technology and strategic partnerships to drive innovation and foster financial inclusion in the UAE and KSA.”
Comfi’s innovative solutions and strategic initiatives are set to transform the B2B payments landscape, empowering businesses to thrive in a competitive market.
This latest development underscores Comfi’s dedication to advancing financial technology and supporting economic growth in the region.
About Comfi:
Comfi is a leading B2B payment platform that offers advanced pay-later and pay-now solutions tailored for supply-chain businesses.
By providing flexible credit terms and seamless transaction processes, Comfi enables businesses to optimize cash flow and drive growth. The platform is at the forefront of financial innovation in the UAE and KSA, committed to fostering financial inclusion and supporting the success of B2B enterprises.
